Shoe Carnival Inc. reported modest growth in the second quarter but has seen sales accelerate in August. On a conference call with analysts, Cliff Sifford, president and CEO, said back-to-school sales are “progressing nicely” with August sales up 3.5 percent through August 27.
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Shoe Carnival Earnings Grow Slightly Amid Back-To-School Momentum
Shoe Carnival Inc. on Wednesday reported comparable store sales for the second quarter increased 1.4 percent while earnings per diluted share increased 5.3 percent to 80 cents, beating Wall Street’s estimates by 2 cents.
Foul Weather, Late Tax Refunds Stymie Shoe Carnival’s Q1 Comps
Inclement weather and a delay in the issuance of tax refunds resulted in Shoe Carnival Inc.’s same-store sales declining in the high-single digits in February, according to company executives. March and April showed improvement, combining for a 3.6 percent increase, but they weren’t enough to overcome the quarter’s slow start as Q1 comps for the company fell 0.2 percent while Wall Street had projected a 1.6 percent gain.
Shoe Carnival Q1 Earnings Climb 7 Percent
Shoe Carnival Inc. reported earnings rose 7.1 percent in the first quarter to $13.9 million, or 91 cents a share. Comps in the quarter dipped 0.2 percent due to the later tax refund season as well as inclement weather impacting February, but the combined months of March and April increased 3.6 percent.
Shoe Carnival Sees Data-Mining Efforts Start To Pay Off In Q4
Shares of Shoe Carnival leapt 22.4 percent Wednesday after the footwear retailer reported fourth-quarter results that handily topped Wall Street’s expectations. While boot sales drove the gains, new data-aggregating capabilities are helping enhance merchandising, marketing and real estate decisions.
Athletic Footwear Sales Help Power Shoe Carnival’s Q4 Comps
Shoe Carnival Inc. on Tuesday reported strength in both athletic and non-athletic footwear sales in the fourth quarter, which lifted comps to a 4.7 percent gain over the year-ago period. The company also reported record revenue and net income for the fiscal year.
Shoe Carnival Raises Fiscal Year 2018 Guidance
Shoe Carnival Inc. on Monday updated its sales and earnings guidance for the fiscal year ending February 2, 2019. The company also introduced an outlook for fiscal year 2019.
Shoe Carnival Names McCann Agency Of Record To Elevate Brand Engagement
Diversified and Integrated Marketing Team to Enhance Shoe Carnival’s Reach with Customers
Shoe Carnival Names McCann Agency of Record To Elevate Brand Engagement
Shoe Carnival has selected McCann as its agency of record for integrated marketing services.
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, effective January 1, 2019. In addition, its Board of Directors approved the payment of a quarterly cash dividend of $0.08 per share to be paid on January 28, 2019, to […]
Shoe Carnival Blasts Past EPS Targets On Robust BTS Selling
Shoe Carnival Inc. significantly raised its earnings guidance for the year after reporting third-quarter results beat plan due to robust back-to-school selling and fatter margins. Same-store sales expanded 4.5 percent with a mid-single-digit increase in both women’s and men’s non-athletic and a low single-digits in adult athletics.
Shoe Carnival Raises Outlook On Strong Q3
Shoe Carnival Inc. raised its fiscal 2018 outlook after reporting earnings per diluted share increased 15 percent to 76 cents and comparable store sales increased 4.5 percent in the quarter ended November 3.
Shoe Carnival ‘Concerned’ About Athletic Sales Trend
Mid-single-digit sales growth of adult athletic shoes helped propel Shoe Carnival Inc. to a superb second quarter, sparking the retailer to sharply raise its full-year guidance, but the company could struggle to maintain momentum in that category moving ahead.
Shoe Carnival Q2 Handily Tops Targets
Shoe Carnival Inc. sharply raised its full-year guidance after reporting earnings tripled in the second quarter. Same-store sales ran up 6.7 percent.
Shoe Carnival Appoints Mark Worden EVP, Chief Strategy And Marketing Officer
Footwear and accessories retailer Shoe Carnival Inc. on Thursday announced the appointment of brand and marketing veteran Mark Worden to the newly created role of executive vice president, chief strategy and marketing officer, effective September 10.
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