Shoe Station Group Q2 FY26 net income drops 67.4% to $6.3 million; net sales fall 7.2% to $284.3 million
SHOE•SHOE•SHOE•SHOE•Shoe Station Group posted Q2 net income of $6.26 million, down 67.45%, with diluted EPS of $0.23.
Net sales fell 7.21% to $284.31 million; comparable store sales declined 7.1%.
The company cut its fiscal 2026 outlook to net sales of $1.1 billion-$1.11 billion, with GAAP EPS of $0.32-$0.47.
Gross margin narrowed 6.9 percentage points to 31.9% on heavier promotions, aged-inventory liquidation, and lapping tariff-driven price increases.
Cash, cash equivalents, and marketable securities rose to $131.64 million; the retailer ended the quarter debt-free.
