As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q1. Today, we are looking at footwear retailer stocks, starting with Designer Brands (NYSE: DBI).

Footwear sales–like their apparel counterparts–are driven by seasons, trends, and innovation more so than absolute need and similarly face the bigger-picture secular trend of e-commerce penetration. Footwear plays a part in societal belonging, personal expression, and occasion, and retailers selling shoes recognize this. Therefore, they aim to balance selection, competitive prices, and the latest trends to attract consumers. Unlike their apparel counterparts, footwear retailers most sell popular third-party brands (as opposed to their own exclusive brands), which could mean less exclusivity of product but more nimbleness to pivot to what’s hot.

The 4 footwear retailer stocks we track reported a slower Q1. As a group, revenues missed analysts’ consensus estimates by 2.8% while next quarter’s revenue guidance was 1.6% below.

Luckily, footwear retailer stocks have performed well with share prices up 13.3% on average since the latest earnings results.

Weakest Q1: Designer Brands (NYSE: DBI)

Founded in 1969 as a shoe importer and distributor, Designer Brands (NYSE: DBI) is an American discount retailer focused on footwear and accessories.

Designer Brands reported revenues of $686.9 million, down 8% year on year. This print fell short of analysts’ expectations by 6.3%. Overall, it was a disappointing quarter for the company with a significant miss of analysts’ EBITDA and EPS estimates.

"We experienced a soft start to 2025 amid an unpredictable macro environment and deteriorating consumer sentiment," stated Doug Howe, Chief Executive Officer.

Designer Brands delivered the weakest performance against analyst estimates and slowest revenue growth of the whole group. Unsurprisingly, the stock is down 8.6% since reporting and currently trades at $3.39.

Read our full report on Designer Brands here, it’s free.

Best Q1: Shoe Carnival (NASDAQ: SCVL)

Known for its playful atmosphere that features carnival elements, Shoe Carnival (NASDAQ: SCVL) is a retailer that sells footwear from mainstream brands for the entire family.

Shoe Carnival reported revenues of $277.7 million, down 7.5% year on year, falling short of analysts’ expectations by 1.7%. However, the business still had a very strong quarter with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.

Shoe Carnival delivered the highest full-year guidance raise among its peers. The market seems happy with the results as the stock is up 25.8% since reporting. It currently trades at $23.24.

Is now the time to buy Shoe Carnival? Access our full analysis of the earnings results here, it’s free.

Foot Locker (NYSE: FL)

Known for store associates whose uniforms resemble those of referees, Foot Locker (NYSE: FL) is a specialty retailer that sells athletic footwear, clothing, and accessories.

Foot Locker reported revenues of $1.79 billion, down 4.5% year on year, falling short of analysts’ expectations by 2.3%. It was a slower quarter as it posted a significant miss of analysts’ EPS estimates.

Interestingly, the stock is up 6.7% since the results and currently trades at $25.48.

Read our full analysis of Foot Locker’s results here.

Boot Barn (NYSE: BOOT)

With a strong store presence in Texas, California, Florida, and Oklahoma, Boot Barn (NYSE: BOOT) is a western-inspired apparel and footwear retailer.

Boot Barn reported revenues of $453.7 million, up 16.8% year on year. This number missed analysts’ expectations by 0.9%. Zooming out, it was a mixed quarter as it also logged a solid beat of analysts’ EBITDA estimates but full-year EPS guidance missing analysts’ expectations.

Boot Barn pulled off the biggest analyst estimates beat and fastest revenue growth, but had the weakest full-year guidance update among its peers. The stock is up 29.3% since reporting and currently trades at $172.

Read our full, actionable report on Boot Barn here, it’s free.

Market Update

As a result of the Fed’s rate hikes in 2022 and 2023, inflation has come down from frothy levels post-pandemic. The general rise in the price of goods and services is trending towards the Fed’s 2% goal as of late, which is good news. The higher rates that fought inflation also didn't slow economic activity enough to catalyze a recession. So far, soft landing. This, combined with recent rate cuts (half a percent in September 2024 and a quarter percent in November 2024) have led to strong stock market performance in 2024. The icing on the cake for 2024 returns was Donald Trump’s victory in the U.S. Presidential Election in early November, sending major indices to all-time highs in the week following the election. Still, debates around the health of the economy and the impact of potential tariffs and corporate tax cuts remain, leaving much uncertainty around 2025.

Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

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