Net income declined 15% to $19,225,000 from $22,573,000 for the second quarter on sales of $306,388,000, down 8% from $332,696,000, including a 7.5% companywide comp. Shoe Station turned in the strongest results with 2% sales growth and a flat comp, while the Shoe Carnival banner dropped 10% in sales with a high-single-digit comp decline. Rogan’s contributed about $20 million to the top line, in line with expectations. Shoe Carnival’s sub-$30,000 household income customers were most exposed to pressure from inflation and other macro factors.

After the end of the quarter, Aug. comps ... Log in to view full article.