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Article Date: November 2024
Word Count: 476

Shoe Carnival Sales Drop on Weather, Calendar


Net income fell 12% to $19,242,000 in the third quarter against $21,861,000 on revenues that dipped 4% to $306,885,000 from $319,914,000, hurt by $20 million in sales pulled forward into Q2 by the calendar shift. Excluding that impact, sales would have been 2% higher, driven by new store contributions from the 28-store Rogan’s fleet acquired in Feb. Comps slipped 4.1% on hurricane impacts to the Southeast and warm weather delaying the start of boot season. These headwinds were partially offset by a strong Back-to-School with positive comps across banners, led by ... Log in to view full article.

 


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