Strong Athletic Trend Boosts Shoe Carnival
Net income rose 57% to $12,955,000 from $8,231,000 for the 13 weeks ended May 5 on a 2% improvement in sales to $257,455,000 from $253,389,000 that included a 1.3% increase in comp store sales and the shuttering of three stores as part of SCVL’s ongoing program to upgrade the quality of its real estate. The quarter got off to a slow start on the cold weather but sales picked up considerably when the weather turned and that has continued into Q2. SCVL remains confident that the strength it has seen in athletic and athleisure will continue through Back-to-School following a ... Log in to view full article.