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Article Date: March 2021
Word Count: 521

Shoe Carnival Finishes 2020 on a High Note


Net income posted a 114% gain to $7,443,000 in the final quarter from $3,483,000 on revenues that were up 6% to $253,897,000 against $239,875,000, which included a +6.4% store comp, lapping a 3.2% increase last year. Adult athletics continues to outperform, posting a mid-teens comp increase for both men’s and women’s. Women’s non-athletics dipped low-single digits, offset by growth in comfort sports shoes. Men’s non-athletic also dipped-low singles, benefiting from growth in work and casual hiking boots. Kids’ comped up mid-teens overall as school re-openings continue, led by non-athletic in the mid-teens and athletic up low-teens. Dress shoes continued to ... Log in to view full article.

 


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