Net income fell 38% to $26,897,000 in the first quarter from $43,242,000 on a 3% drop in sales to $317,527,000 from $328,457,000, including contributions from newly acquired Shoe Station. The top line lapped last year’s record revenues that saw a 123% increase on pent-up demand and government stimulus payments. Comps fell 10.6% over the prior year, which had registered a 126% boost. All sales figures remain up double-digits over pre-pandemic ’19 results. After years of strong growth from athletic styles, adult athletic footwear fell 20%, shifting product mix about 600 b.p. back to non-athletic towards a historical 50/50 split. Non-athletic ... Log in to view full article.