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Shoe Station Group Inc.

Rank #161Decline

SHOE · Nasdaq · Consumer Cyclical

Shoe Station Group Inc. (SHOE) — Rank #161 by gross profitability (GP/assets 0.36) · ROE 7.7% · Piotroski F-Score N/A.

As-of 2026-09-28 · CIK 0000895447 · all metrics point-in-time as of the filing date.

About

Shoe Station Group Inc., together with its subsidiaries, retails footwear in the United States.

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Its products include shoes, sneakers, heels, sandals, boots, work and safety shoes, and athletic shoes; and accessories for men, women and kids. It sells its products through stores, online, and mobile app. The company was formerly known as Shoe Carnival, Inc. and changed its name to Shoe Station Group Inc. in June 2026. Shoe Station Group Inc.

was founded in 1978 and is headquartered in Fort Mill, South Carolina.

Industry
Apparel Retail
Sector
Consumer Cyclical
State
IN
Filer Category
Accelerated filer
Fiscal Year End
January 30

Company Snapshot

P/E, P/B, and dividend yield matter most — book value provides a floor.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

2,300

Industry

Apparel Retail

Exchange

Nasdaq

Signal Flags

1 green3 red
Sequential beat (rev + EPS)Both revenue and EPS exceeded prior quarter — 2-quarter streak
Revenue declining YoYRevenue contracted year over year
Operating margin decliningOperating margin lower than prior year
Valuation convergenceEPS declining, shares diluting, and revenue growth decelerating simultaneously

Quality Profile

Profitability

1/1 pass
GP / assets
0.36
Return on equity
7.7%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.73
Current ratio
4.04×
Net cash
$131.64M

Cash Flow

2/3 pass
Positive FCF
PASS
Cash-backed earnings
WARN
Accruals healthy
PASS
SBC / revenue
0.6%

Growth

1/2 pass
Revenue growth
-5.6%
Piotroski F-Score
N/A
Share dilution
0.0%

Terry Smith quality gate

Passes 1/5 Terry Smith thresholds

Asset value and restructuring potential (balance-sheet strength) are the primary reads at this stage.

Profitability

Gross profitability (GP / assets)

0.36

Primary signal (Novy-Marx).

5th of 6 SIC 56 peers

Return on equity

7.7%

Gross margin

36.6%

4th of 6 SIC 56 peers

Revenue growth (YoY)

-5.6%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2023202420252026
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

-3.5%

Revenue CAGR (5Y)

3.1%

Earnings CAGR (3Y)

-22.0%

FCF CAGR (3Y)

—

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.73

1st of 6 SIC 56 peers (best = lowest)

Current ratio

4.04×

1st of 6 SIC 56 peers

Quick ratio

0.94×

Net cash

$131.64M

Cash & equivalents minus total debt.

Cash-flow health

Free cash flow

$26.58M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF / net income

-0.49

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

WARN

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

0.6%

Stock-based comp intensity.

Dividend safety

Composite score

3.5 / 5

Good
Payout ratio
32.0%4/5 Strong
FCF coverage
1.59×3/5 Good
Dividend growth streak
5 yr3/5 Good
Balance-sheet health
D/E 0.73 · IC 178.98×4/5 Strong

Piotroski F-Score

F-Score

N/A

Only 8/9 components determinable.

Lifecycle Phase History

20212026
Decline
Hypergrowth
Value
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