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Article Date: March 2024
Word Count: 421

Shoe Carnival Guides for Return to Growth in 2024

Net income slipped 28% to $15,520,000 from $21,610,000 in the final quarter on sales that dropped 4% to $280,169,000 from $290,779,000, with comps down 9.4% as a strong Holiday performance offset soft trends early in the quarter and weather disruptions in Jan. The peak two-week Holiday period saw athletic footwear up in the low teens, while non-athletic comped down in the low singles. The Shoe Carnival banner declined in the mid singles, while Shoe Station posted low teens growth. By category, children’s comped down in the mid-single digits, with athletic flat ... Log in to view full article.


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