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Segment Reporting
 9 Months Ended
Nov. 01, 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 thirty-nine weeks ended November 1, 2025 and November 2, 2024 were as follows:

(In thousands)

 

Thirteen
Weeks Ended
 November 1, 2025

 

 

Thirteen
Weeks Ended
 November 2, 2024

 

 

Thirty-nine
Weeks Ended
 November 1, 2025

 

 

Thirty-nine
Weeks Ended
 November 2, 2024

 

Net sales

 

$

297,155

 

 

$

306,885

 

 

$

881,258

 

 

$

939,946

 

 Less:

 

 

 

 

 

 

 

 

 

 

 

 

   Merchandise & delivery costs(1)

 

 

162,610

 

 

 

173,447

 

 

 

486,279

 

 

 

535,265

 

   Store occupancy costs

 

 

22,708

 

 

 

23,056

 

 

 

68,557

 

 

 

67,556

 

   Store expenses(2)

 

 

41,933

 

 

 

41,554

 

 

 

123,671

 

 

 

125,138

 

   E-commerce expenses(3)

 

 

4,032

 

 

 

4,735

 

 

 

12,140

 

 

 

14,303

 

   Advertising

 

 

18,705

 

 

 

15,084

 

 

 

48,232

 

 

 

41,233

 

   Store depreciation and other selling expenses(4)

 

 

10,893

 

 

 

10,036

 

 

 

32,464

 

 

 

29,530

 

   General and administrative expenses(5)

 

 

17,651

 

 

 

14,444

 

 

 

54,099

 

 

 

49,806

 

   Interest income

 

 

(1,101

)

 

 

(1,148

)

 

 

(2,986

)

 

 

(2,623

)

   Interest expense

 

 

78

 

 

 

139

 

 

 

233

 

 

 

412

 

   Income tax expense

 

 

5,000

 

 

 

6,296

 

 

 

15,355

 

 

 

20,225

 

Net income

 

$

14,646

 

 

$

19,242

 

 

$

43,214

 

 

$

59,101

 

 

(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.