Net income fell 35% to $28,909,000 in the second quarter from $44,212,000 last year on revenue that was down 6% to $312,268,000 from $332,230,000, including -13.8% store comps. Sales remain elevated over pre-pandemic levels, with comps up 8.0% from Q2 ‘19. SCVL’s sneaker department continues to benefit from Nike’s favor, but lingering supply chain issues hit key athletic inventory through most of the quarter. While athletic comps were guided flat against last year’s performance, a strong start in May fizzled as the inventory constraints impacted June and July sales. The category ... Log in to view full article.