Shoe Carnival profit quadruples in Q2

Evansville, Ind. Shoe Carnival reported late Wednesday that profit for the second quarter ended July 31 increased more than fourfold to $4.1 million, compared with profit of $982,000 a year earlier.

Sales at the shoe store chain rose 8% to $165.4 million, from $152.8 million in the year-ago quarter. That result fell slightly below analysts’ expectations of nearly $167.1 million in sales.

Same-store sales increased 8%.

The retailer operates 313 stores in the Midwest, South and Southeast. It said it expects to open 10 new stores and close seven locations in the current fiscal year.

Login or Register to post a comment.