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Article Date: September 2024
Word Count: 409

Shoe Carnival Grows Mid-teens, Lifts Guidance


Net income was up 16% to $22,573,000 from $19,441,000 on revenue that improved 13% to a quarterly record $332,696,000 over $294,615,000 for the second quarter ended Aug. 3, benefiting from a favorable calendar shift of about $20 million out of Q3. Back-to-School shoppers bumped July sales higher at the end of the quarter. The Shoe Station banner led results with a mid-teens top line increase, both on comp growth and new store contributions. Rogan’s, acquired in mid-Feb., contributed $22 million, in line with guidance. The core Shoe Carnival banner’s sales increased ... Log in to view full article.

 


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