Shoe Carnival reported third quarter (Q3) results with net sales declining 5.2% at its Shoe Carnival banner, attributed to lower store traffic and the impact of its rebannering strategy. This decrease was partially offset by a 5.3% increase in net sales at the Shoe Station banner. E-commerce sales represented approximately 10% of merchandise sales in Q3, compared to 11% in the same period last year. Gross profit for Q3 was USD 111.8 million, an increase of USD 1.5 million. For the nine months (9M) year-to-date 2025, gross profit was USD 326.4 million, a decrease of USD 10.7 million. Gross profit margin for 9M 2025 was 37.0%, up from 35.9% in the previous year, driven by higher merchandise margin and a favorable shift toward higher income Shoe Station customers, partially offset by increased buying, distribution, and occupancy costs. Comparable store net sales for the period declined 2.7%, reflecting an approximate 11% decrease in units sold, partially offset by pricing increases.