Shoe Carnival gave a deeper look at its rebanner strategy on Thursday during its third-quarter earnings report.

The Fort Mill, S.C.-based footwear retailer reported that net income in the third quarter was $14.6 million, or 53 cents per diluted share, compared to $19.2 million, or 70 cents per diluted share in the prior year.

Net sales were $297.2 million compared to $306.9 million in third quarter 2024, a decrease of 3.2 percent.

By banner, the company noted that Q3 trends continued to highlight the strength of its “One Banner” strategy, with Shoe Station net sales growing 5.3 percent in the period and Shoe Carnival net sales declining 5.2 percent as lower-income consumers remained pressured. At Rogan’s, net sales exceeded $21 million in Q3, consistent with integration plans.

The

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