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Shoe Station Group reported second-quarter net sales of $284.3 million, down 7.2% year over year, and said it lowered FY2026 guidance to $1.1 billion-$1.111 billion. Management also said it is accelerating inventory liquidation and targeting a $50 million reduction by year-end.
Shoe Station Group reported second-quarter 2026 adjusted EPS of 22 cents versus the 32-cent estimate and sales of $284.31 million versus $299.19 million expected. Comparable-store sales fell 7.1%, and the company lowered fiscal 2026 sales guidance to $1.100 billion-$1.111 billion from $1.125 billion-$1.147 billion.
Shoe Station Group lowered its full-year adjusted earnings per share outlook to 75 cents to 90 cents, after promoting in the second quarter weighed on profit. The company said the range is down from its prior guidance.