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Article Date: November 2020
Word Count: 424

Shoe Carnival Sets Profit Record in Q3

Net income moved up 1% to $14,678,000 is Q3 from $13,726,000 last year, but revenue was flat, inching down to $274,579,000 from $274,645,000, and slowing sequentially from its strong rebound in the second quarter. Store comps posted a 0.9% gain, lapping 3.5% growth, as high-20s growth in Sep. and mid-singles in Oct. offset a mid-teens drop in Aug. as Back-to-School fizzled. E-commerce sales continued triple-digit growth slowing to just 150% year-over-year as stores reopened. E-commerce made up more than 13% of total sales versus under 6% in the prior year.


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