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## Shoe Carnival Frustrates with Somber 2025 Revenue Prediction
**Principal Conclusions:**
* Shoe Carnival’s fourth-quarter revenues and 2025 anticipations did not meet targets, implying possible difficulties in the future.
* Both modified incomes and revenues saw a reduction compared to the prior year, creating worries about the company’s productivity.
* Chief Executive Officer Mark Worden revealed a renaming enterprise, intending to convert more than half of the company’s shops into Shoe Station sites within the next two years, demonstrating a tactical change. TruBit Collaborates with Morpho to Introduce DeFi Unearned Revenue in Latin America
The footwear vendor declared modified profits per share of $0.54, a decrease of 5 cents from the prior year but still exceeding analysts’ approximations compiled by Visible Alpha. However, revenues also reduced year-over-year to $262.94 million, falling approximately $8 million short of analysts’ anticipations.
Comparable-store revenues for the quarter plunged by 6.3%, more than tripling the 2% decrease projected by analysts, emphasizing a considerable drop in consumer traffic.
Looking forward, Shoe Carnival foresees revenues for fiscal year 2025 to vary between $1.15 billion and $1.23 billion, failing to reach the consensus analyst approximation of $1.25 billion, implying a careful outlook for the coming year.
## Chief Executive Officer Declares Renaming Strategy, 175 Shops to Evolve Into Shoe Station Sites
Chief Executive Officer Mark Worden proclaimed that the company’s undertaking to transform chosen Shoe Carnival shops into Shoe Station-branded sites (obtained by Shoe Carnival in 2021) has surpassed his anticipations. Consequently, a fresh strategy has been revealed to rename 175 shops as Shoe Station sites.
Presently, the company runs 431 shops, comprising 346 Shoe Carnival shops, 57 Shoe Station shops, and 28 recently obtained Rogan’s shops. The fresh renaming project will result in more than half of the company’s shops operating under the Shoe Station banner within the next two years, marking a considerable change in the company’s retail footprint.
Despite the frustrating revenue prediction, Shoe Carnival’s stock value has undergone a reduction of over 30% in the past year, but it saw a slight rise of over 1% on Thursday morning, implying a varied response from shareholders.
