Shoe Carnival lowered its full-year guidance as the first quarter was impacted by consumers pulling back due to inflation and lower federal tax refunds. However, improved inventory levels are expected to help the family footwear chain gain share in athletic footwear this coming back-to-school season. (Read More)
Shoe Carnival, Inc. reduced its outlook for the year after reporting first-quarter results at the low end of expectations due to unfavorable weather and consumer pressure from inflation and lower federal tax refunds. (Read More)
Shoe Carnival Inc. said athletic footwear further weakened due to shifting trends in the fourth quarter ended January 28, but the family footwear chain posted record earnings on higher margins and claimed it’s continuing to build on significant share gains over competitors in recent years. (Read More)
Shoe Carnival reported earnings rose 4.9 percent in the fourth quarter ended January 28 as higher gross margins offset a 7.2 percent decline in sales. The family apparel chain said comparable store sales were up 12.6 percent against the pre-pandemic 2019 fourth quarter. (Read More)
Shoe Carnival, Inc. hired Erik Gast as executive vice president and chief financial officer, effective April 24. He replaces Kerry Jackson who is retiring after a 35-year career with the family footwear chain. (Read More)
Shoe Carnival, Inc.'s Board of Directors authorized a share repurchase program for up to $50 million of its outstanding common stock, effective January 1, 2023. (Read More)
Shoe Carnival, Inc. reported sales reached the second highest level for any quarter in the family footwear chain’s 44 years in existence, only behind last year’s levels that benefited from government-stimulus measures. Boosted by non-athletic offerings, the family footwear chain's sales were well above pre-pandemic third quarter of 2019, indicating strong growth momentum. (Read More)
Shoe Carnival Inc. reported sales were down 4 percent year-over-year in the third quarter ended October 29 but they marked the second highest quarterly result and were up 24 percent against the pre-pandemic third quarter of 2019. (Read More)
Shoe Carnival is on a roll, with earnings for the first half of 2022 surpassing all full year of earnings in the 44 years since its founding, except for 2021. SGB Executive talked with Mark Worden, the family footwear chain's CEO since 2021, about the company's strengths in the apparel footwear category, recent success elevating margins and overall momentum. (Read More)
The parent company of the Shoe Carnival and Shoe Station retail banners sees profitability continuing to increase as the company's strategic plans to double operating profit margins versus historical levels “continues to work,” according to management. (Read More)
Shoe Carnival Inc. reported second-quarter earnings that were below year-ago levels but well ahead of the pre-pandemic 2019 quarter. Sales were down 6 percent year over year. The off-price shoe chain reiterated its EPS guidance for the year. (Read More)
Shoe Carnival Inc. reported adult athletic footwear same-store sales in the first quarter declined 20 percent versus the stimulus-boosted 2021 period and were off “very slightly” versus the pre-pandemic first quarter of 2019. Officials said dress, casual, and sandals categories have returned to traditional pre-pandemic demand. (Read More)
Shoe Carnival Inc. reported earnings and sales declined in the first quarter against challenging year-ago comparisons but were well above the pre-pandemic 2019 first quarter and topped Wall Street targets. The off-priced retailer raised its EPS guidance for the year. (Read More)
Shares of Shoe Carnival, Inc. jumped Wednesday after the off-price footwear retailer reported fourth-quarter profit that blew past expectations to cap off a record year. (Read More)
Shoe Carnival reported fourth-quarter earnings more than doubled as revenues improved 23.4 percent to $313.4 million. Earnings reached $20.6 million, or 72 cents a share, against $7.4 million, or 26 cents, a year ago. The footwear off-pricer expects fiscal year 2022 net sales to increase 4 to 7 percent on top of the 36.2 percent net sales growth achieved during fiscal 2021. (Read More)
Shoe Carnival Inc. announced that its Board of Directors authorized a new share repurchase program for up to $50 million of its outstanding common stock. (Read More)
Shoe Carnival Inc. has launched same-day delivery, in partnership with DoorDash, a first in the family footwear channel. (Read More)
Shoe Carnival, Inc. announced that it had acquired substantially all of the assets of privately-held, family-owned Shoe Station, Inc., which operates 21 stores in five Southeastern states. The Shoe Station assets were acquired for $67 million. (Read More)
Shoe Carnival Inc. said strong product allocations amid supply chain disruptions helped make the third quarter the best in the off-pricer’s 43-year history. The off-price chain’s officials said they’re being rewarded for supporting the vendor community in the early stages of the pandemic. (Read More)
Shoe Carnival Inc. again raised its guidance for the year after reporting third-quarter results that came in well above Wall Street targets. Same-store sales in the quarter jumped 30 percent. Mark Worden, Shoe Carnival’s CEO, said, "This was by every measure that matters, our best quarter, of our best year, in our 43-year history." (Read More)