India, May 30 -- Shoe Carnival, Inc. (SCVL) reported Friday that its first-quarter profit, revenues as well as comparable stores net sales declined from the prior year. Further, the retailer of footwear and accessories confirmed its fiscal 2025 outlook.
The company also announced an expansion of its rebanner strategy, with Shoe Station now expected to represent over 80 percent of its store fleet by March 2027, up from previous target of 51 percent.
In the pre-market activity on the Nsadaq, Shoe Carnival shares were gaining around 11.4 percent to trade at $20.54.
Mark Worden, President and Chief Executive Officer, said, "Our first quarter results reflect the continued success of our strategic transformation, with profits outperforming exp...