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Article Date: March 2023
Word Count: 437

Shoe Carnival Q4 Sales Slide in Promotional Market


Net income in the final quarter was up 5% to $21,610,000 from $20,591,000 on a 7% sales decline to $290,779,000 down from $313,371,000, even including an incremental $24.3 million. contribution from Shoe Station. The total fleet comped down 10.1% over the prior year, declining for most of the quarter as it lapped government stimulus-boosted results, turning to a low singles increase in Jan., the first month without the stimulus comp. Athletic categories comped down in the low-20% range, while non-athletic was down just low-singles, continuing the shift back to casual and ... Log in to view full article.

 


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