Results for "shoe carnival"

Shoe Carnival Inc. stated that its board of directors has approved a seven percent increase in its quarterly cash dividend.

Cliff Sifford, Shoe Carnival’s president and chief executive officer, commented, “While February was a very challenging month due to the delay in the tax refunds, we are encouraged by the improvement in our sales as we progressed through the quarter. Comparable store sales for March and April combined, which includes the shift in the Easter selling season, were up low single digits.”

Shoe Carnival Inc. said delays in the mailing out of tax refund checks was largely responsible for a 3.9 percent drop in same-store sales in its first quarter. Consequently, the shoe chain reduced its full-year guidance for sales and earnings.

Cliff Sifford, Shoe Carnival’s president and chief executive officer, commented, “Our sales results improved as we progressed through the first quarter, but it was not enough to offset the soft start we experienced at the beginning of the year with comparable store sales down mid-teens in February.”

Said CEO Cliff Sifford on a conference call with analysts, “Athletic is and has been for the last three maybe four years the hottest category we have and we do look for athletic to grow at a higher rate than non-athletics.”

“Our comparable stores sales performance was in-line with the updated expectations we provided in January and our gross profit margin came in better than we anticipated,” said Cliff Sifford, Shoe Carnival’s president and CEO.

Shoe Carnival Inc.’s board of directors authorized a new share repurchase program for up to $50 million of its outstanding common stock.

Declining boot sales in the third quarter and the month of November were only partially offset by athletic footwear gains.

Comp increases in athletic merchandise in each month of the quarter were offset by a high-single-digit comp declines in boots.

The family shoe chain slightly reduced its sales guidance for the year but maintained its EPS outlook.