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.
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Shoe Carnival Sees Continued Strong Growth Versus Pre-Pandemic Levels
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.
EXEC Q&A: Shoe Carnival’s CEO Mark Worden
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.
EXEC: Shoe Carnival Shares Surge As Market Embraces Expanding Margins, Shrugs Off Q2 Miss
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.
Shoe Carnival’s Q2 Sales Slide 6 Percent
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.
EXEC: Shoe Carnival Sees Strong Shift Towards Non-Athletic
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.
Shoe Carnival Lifts Earnings Outlook On Q1 Beat
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.
Inside The Call: Shoe Carnival Q4 Flies Past Wall Street Targets
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.
Shoe Carnival Reports Record Fourth Quarter And 2021 Results
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.
Shoe Carnival Announces New $50 Million Share Repurchase Program
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.
Shoe Carnival Adds Same-Day Delivery
Shoe Carnival Inc. has launched same-day delivery, in partnership with DoorDash, a first in the family footwear channel.
Shoe Carnival Announces Acquisition Of Shoe Station
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.
Inside The Call: Shoe Carnival Finds Strong Vendor Partnerships Paying Off
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.
Shoe Carnival’s Q3 Comps Surge 30 Percent
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.”
Shoe Carnival Appoints Board Member
Shoe Carnival Inc. announced the appointment of Diane Randolph to its Board of Directors. She was formerly chief information officer of U.S. beauty retailer, Ulta Beauty, Inc.
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