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Shoe Station Group (SHOE) earnings and revenue breakdown

Latest: Q2 FY27 · 10-Q filed Sep 10, 2026 · Shoe Station Group (SHOE) Q2 FY27 earnings results →

Q2 FY27 Revenue down 7% year over year to $284M · 2¢ of every $1 of revenue kept as net profit · operating margin 2.7%

Shoe Station Group made $284M in Q2 FY27 (-7% Y/Y). Operating margin 2.7%, net earnings $6.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Sep 10, 2026.

Revenue$284M
Year over year-7%
Operating margin2.7%
Net earnings$6.3M
Operating cash flow$11.1M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $284.3M in Q2 FY27, down 7% year over year and up 5% from the previous quarter.

Gross margin was 31.9%, down 6.9 points from Q2 FY26. Operating profit was $7.6M, a 2.7% margin (down 5.6 points year over year). Operating expenses fell 11% while revenue fell 7%. Net earnings were $6.3M, down 67% year over year. The effective tax rate was 26.7%.

Operating cash flow was $11.1M (down 17% year over year), 177% of net earnings. Non-cash charges added back $8.4M of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items used $5.5M. Capital expenditures of $4.5M left free cash flow of $6.5M.

Quarterly history

Shoe Station Group revenue by quarterShoe Station Group revenue by quarter$263MQ4 FY25$278MQ1 FY26$306MQ2 FY26$297MQ3 FY26$254MQ4 FY26$271MQ1 FY27$284MQ2 FY27
Shoe Station Group net earnings by quarterShoe Station Group net earnings by quarter$14.7MQ4 FY25$9.3MQ1 FY26$19.2MQ2 FY26$14.6MQ3 FY26$9.1MQ4 FY26−$5.6MQ1 FY27$6.3MQ2 FY27
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 FY2710-QSep 10, 2026$284M-7%2.7%$6.3M$11.1M
Q1 FY2710-QJun 5, 2026$271M-2%-2.2%−$5.6M$23.1M
Q4 FY2610-KMar 26, 2026$254M-3%4.3%$9.1M$34.0M
Q3 FY2610-QDec 5, 2025$297M-3%6.3%$14.6M$33.6M
Q2 FY2610-QSep 5, 2025$306M-8%8.2%$19.2M$13.3M
Q1 FY2610-QJun 6, 2025$278M-8%4.3%$9.3M−$9.6M
Q4 FY2510-KMar 21, 2025$263M-6%5.3%$14.7M$44.5M

Charts

Shoe Station Group: revenue growth, year over year and quarter over quarterShoe Station Group: revenue growth, year over year and quarter over quarterY/YQ/Q-6%Q4 FY25-8%+6%Q1 FY26-8%+10%Q2 FY26-3%-3%Q3 FY26-3%-15%Q4 FY26-2%+7%Q1 FY27-7%+5%Q2 FY27
Latest (Q2 FY27): Y/Y -7%, Q/Q +5%.
Shoe Station Group: where the cash came from (+) and went (−), TTM to Q2 FY27Shoe Station Group: where the cash came from (+) and went (−), TTM to Q2 FY27Operating cash flow$102MCash drawn (+) / kept (−)−$39.3MCapital spending−$35.3MDividends−$17.9MBuybacks−$7.0MOther financing−$2.4MOther investing−$212KShares issued$173K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Shoe Station Group: profit against cash, quarter by quarterShoe Station Group: profit against cash, quarter by quarterNet incomeOperating cash flow$19.2M$17.3MQ3 FY25$14.7M$44.5MQ4 FY25$9.3M−$9.6MQ1 FY26$19.2M$13.3MQ2 FY26$14.6M$33.6MQ3 FY26$9.1M$34.0MQ4 FY26−$5.6M$23.1MQ1 FY27$6.3M$11.1MQ2 FY27
Latest (Q2 FY27): Net income $6.3M, Operating cash flow $11.1M.
Shoe Station Group: diluted shares by fiscal yearShoe Station Group: diluted shares by fiscal year28MFY2129MFY2228MFY2327MFY2428MFY2528MFY26
-3.4% since FY21: buybacks shrank the count.
Shoe Station Group in its industry: growth against margin (4 companies, SIC 5661)Shoe Station Group in its industry: growth against margin (4 companies, SIC 5661)revenue growth, year over year →↑ operating marginmedian -1%median 8%DBIBOOTGCOSHOE (-7%, 3%)
Retail-Shoe Stores; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Sells to

About Shoe Station Group

Shoe Carnival, Inc. is one of the nation’s largest omnichannel sellers of footwear for the family, and our goal is to be the leading family footwear retailer in the United States. We operate a retail focused business model that aims to deliver the leading footwear shopping experience with the national name brands desired by our customers. Our “bricks” first, omnichannel approach provides customers easy access to our wide assortment of branded footwear for athletics, daily activities and special events via their choice of delivery channel. We have a proven track record selling branded footwear, such as Nike, Skechers, Crocs, adidas, Puma, HEYDUDE, Converse and Vans, and generating profits without incurring debt. We have been in business for 46 years and have been a public company subject to SEC reporting requirements since 1993.

In its own words, from its annual report, filed Mar 21, 2025.

Shoe Station Group against its Retail-Shoe Stores peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -7% against the peers' median -1%. Operating margin: 2.7% against the peers' median 7.5%.

CompanyQuarterRevenueY/YOp. margin
SHOE Shoe Station GroupQ2 FY27$284M-7%2.7%
DBI Designer BrandsQ2 FY27$731M-1%7.5%
BOOT Boot Barn HoldingsQ2 FY27$582M+15%12.1%
GCO GenescoQ2 FY27$530M-3%0.7%

Source: Shoe Station Group 10-Q on SEC EDGAR · CIK 895447 · Retail-Shoe Stores

13F: who owns SHOE and who is buying

Largest holders of SHOE (13F)Largest holders of SHOE (13F)BlackRock$29.0MDimensional Fund Advisors LP$22.6MVanguard Group$20.0MVanguard Capital Management LLC$11.7MArrowstreet Capital, Limited Part…$11.3MAmerican Century Companies$10.8MNew South Capital Management$10.6MGoldman Sachs Group$9.5MMorgan Stanley$9.4MRoyce & Associates LP$8.2M
Funds' net buying of SHOE by quarter (13F)Funds' net buying of SHOE by quarter (13F)−$15.2M2024-09$3.8M2024-12$28.7M2025-03$29.3M2025-06−$27.0M2025-09−$18.3M2025-12$1.7M2026-03$2.6M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on SHOE

History

Every quarter: Q2 FY27 results · Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results

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