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Segment Reporting
 6 Months Ended
Aug. 02, 2025
Segment Reporting [Abstract]  
Segment Reporting

Note 8 – Segment Reporting

Shoe Carnival, Inc. has a single operating and reportable segment that sells footwear and related merchandise for the family across our retail banners and sales channels. With respect to our omnichannel strategy, our e-commerce sales channel is integrated with our Shoe Carnival, Shoe Station and Rogan’s physical store locations across 35 states and Puerto Rico and is fundamentally inseparable in how we serve our target customers.

Our chief operating decision maker (“CODM”) is our President and Chief Executive Officer. The CODM assesses performance and decides how to allocate resources based on Net Income that also is reported on the income statement as our consolidated Net Income. The CODM uses Net Income to evaluate performance in deciding whether to reinvest profits, facilitate acquisitions or return funds to shareholders through dividends or share repurchases. Net Income is used to monitor budget versus actual results and in competitive analysis by benchmarking to our peers and competitors. The benchmarking analysis and the monitoring of budgeted versus actual results are used in assessing our performance and in establishing management’s compensation.

We have concluded that, on the basis of the principles in FASB ASU 2023-07, Segment Reporting (Topic 280), the expenses below require disclosure under the significant expense principle. The CODM does not review assets in evaluating results. Therefore, such information is not provided. Operating financial results of our segment for the thirteen and twenty-six weeks ended August 2, 2025 and August 3, 2024 were as follows:

(In thousands)

 

Thirteen
Weeks Ended
 August 2, 2025

 

 

Thirteen
Weeks Ended
 August 3, 2024

 

 

Twenty-six
Weeks Ended
 August 2, 2025

 

 

Twenty-six
Weeks Ended
 August 3, 2024

 

Net sales

 

$

306,388

 

 

$

332,696

 

 

$

584,103

 

 

$

633,061

 

 Less:

 

 

 

 

 

 

 

 

 

 

 

 

   Merchandise & delivery costs(1)

 

 

164,824

 

 

 

190,283

 

 

 

323,668

 

 

 

361,818

 

   Store occupancy costs

 

 

22,756

 

 

 

22,470

 

 

 

45,850

 

 

 

44,500

 

   Store expenses(2)

 

 

42,253

 

 

 

43,025

 

 

 

81,738

 

 

 

83,511

 

   E-commerce expenses(3)

 

 

3,751

 

 

 

4,870

 

 

 

8,108

 

 

 

9,641

 

   Advertising

 

 

18,427

 

 

 

14,225

 

 

 

29,527

 

 

 

26,149

 

   Store depreciation and other selling expenses(4)

 

 

10,925

 

 

 

9,946

 

 

 

21,571

 

 

 

19,494

 

   General and administrative expenses(5)

 

 

18,224

 

 

 

17,798

 

 

 

36,448

 

 

 

35,362

 

   Interest income

 

 

(782

)

 

 

(672

)

 

 

(1,885

)

 

 

(1,475

)

   Interest expense

 

 

77

 

 

 

137

 

 

 

155

 

 

 

273

 

   Income tax expense

 

 

6,708

 

 

 

8,041

 

 

 

10,355

 

 

 

13,929

 

Net income

 

$

19,225

 

 

$

22,573

 

 

$

28,568

 

 

$

39,859

 

 

(1)
Merchandise & delivery costs include the cost of merchandise and other buying and distribution costs.
(2)
Store expenses include selling expenses generally controlled operationally at the store level, such as store level payroll.
(3)
E-commerce expenses include primarily website maintenance costs and other selling expenses.
(4)
Other selling expenses include store-related health care, other insurance, licensing/tax costs and Property and Equipment write-offs.
(5)
General and administrative expenses include departmental and corporate expenses, including incentive and share-based compensation and merger and integration expenses.