Shoe Carnival news and archive

Shoe Carnival's Q3 comparable sales decline by 4.1 percent

Shoe Carnival’s net sales in the third quarter declined to 306.9 million dollars. The company said, without the impact of the retail calendar shift, net sales increased by 2.2 percent versus prior year. Comparable store net sales for the thirteen-week period ended November 2, 2024 declined 4.1 percent. “Our Back-to-School results were strong,...

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Shoe Carnival Q4 sales drop but outlook remains positive

Footwear group Shoe Carnival has revealed its fourth quarter operating results, a period in which it experienced a 3.6 percent drop in net sales to 280.2 million dollars, yet a performance that was at the higher end of its expectations. Comparable store sales for the company also fell in line with forecasts, declining 9.4 percent due to “soft...

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Shoe Carnival acquires Rogan Shoes for 45 million dollars

Shoe Carnival has acquired Rogan Shoes, a 53-year-old work and family footwear company with 28 store locations in Wisconsin, Minnesota, and Illinois, for 45 million dollars. The company expects this acquisition to generate approximately 84 million dollars in sales and approximately 10 million dollars in operating income in 2024. Shoe Carnival...

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Shoe Carnival names new chief financial officer

Footwear specialist Shoe Carnival has announced the appointment of Patrick Edwards as the company’s senior vice president, chief financial officer, secretary and treasurer, effective immediately. While Edwards was most recently the retailer’s executive officer, he has also served as its chief accounting officer and secretary since 2021 and had...

ManagementFeatured

Shoe Carnival lowers FY outlook as Q2 sales, profits fall

US footwear retailer Shoe Carnival has lowered its full-year guidance after reporting falling sales and profitability in the second quarter of the year. The Evansville, Indiana-based company generated revenue of 294.6 million dollars in the three months ended July 29, a drop of 5.7 percent from the prior-year period. Comparable store sales were...

ManagementFeatured

Shoe Carnival posts 7.2 percent drop in Q4 sales

Shoe Carnival's fourth quarter 2022 net sales of 290.8 million dollars decreased 22.6 million dollars or 7.2 percent, compared to the fourth quarter of 2021. In January 2023, the first comparable month without government stimulus, net sales increased low single digits versus January 2022. However, fourth quarter net sales increased 50.9 million...

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Erik Gast to join Shoe Carnival as chief financial officer

Shoe Carnival, Inc. has named Erik Gast as the company’s executive vice president, chief financial officer, effective April 24, 2023. Bringing over 30 years of finance experience with both private and public companies, Gast will join the company from Fleet Farm Group, LLC, where he has been the executive vice president & chief financial officer...

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Shoe Carnival's Q3 earnings jump, outlook positive

Shoe Carnival, Inc. reported net sales growth of 24.4 percent to 341.7 million dollars with both store banners contributing to the growth. Comparable store sales increased 18.3 percent driven by increased non-athletic and athletic sales and less promotional intensity during the quarter. The company’s gross profit margin increased 740 basis...

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Shoe Carnival reports drop in Q2 sales, profit

US footwear retailer Shoe Carnival has reported a drop in sales and profit in the second half of the year against a strong “stimulus boosted” comparative period the prior year. In the three months to July 30, sales came in at 312.3 million dollars, which was down 6 percent from a year earlier, but still up 16.4 percent compared to 2019 levels,...

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Shoe Carnival's sales and profit surpass pre-pandemic levels

Shoe Carnival, Inc. reported first quarter net sales of 317.5 million dollars increased 25.1 percent compared to the pre-pandemic first quarter 2019 driven by new customer acquisition of over 25 percent versus first quarter 2019. Net income rose to 26.9 million dollars or 95 cents per diluted share compared to 13.9 million dollars or 46 cents...

ManagementFeatured

Shoe Carnival earnings jump, increases dividend

Fourth quarter net sales at Shoe Carnival grew 23.4 percent to 313.4 million dollars, while comparable store traffic increased 18 percent, driving comparable store sales growth of 17.7 percent on top of a 6.4 percent increase in fiscal 2020. Full fiscal year 2021 net sales grew 353.6 million dollars to 1.33 billion dollars, while comparable...

Business

Shoe Carnival acquires Shoe Station

Footwear retailer Shoe Carnival has announced its acquisition of Shoe Station. Shoe Station, which is privately held and family owned, was acquired for 67 million dollars, funded through cash on hand. Shoe Carnival will own and operate Shoe Station locations, with the brand having stores in five Southeastern states. “We are excited to welcome...