Preview - Please log in to view full article.

Article Date: May 2021
Word Count: 531

Shoe Carnival Comes Back Strong in First Quarter


Net income bounced back to $43,242,000 in profit against last year’s loss of $16,190,000 as the top line gained 123% to a record $328,457,000 over $147,495,000 that included a blended comp that was up 125.8% (+31.6% over ’19). Brick-and-mortar comped up 161% with strength across all regions, while e-commerce grew low-double digits and accounted for nearly 12% of sales. The channel is expected to normalize for the balance of the year, with brick-and-mortar growth outpacing online. E-commerce sales should see triple-digit gains over ’19 but a single-digit decline from last year, then settling into a low-double-digit gain for ‘22 and ... Log in to view full article.

 


Already a subscriber?

User Name:

Password:


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.