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Shoe Carnival steps it up in Q1
Improved merchandising and e-commerce initiatives helped Shoe Carnival post first quarter gains in profits, earnings and sales.
The company reported that net sales increased $17 million to a first quarter record of $252.8 million, as compared to net sales for the first quarter of fiscal 2014. Same store sales increased 3%. Earnings per diluted share for the first quarter increased 15.6% to 52 cents.
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Shoe Carnival celebrates profits; will open 18-19 stores
Evansville, Ind. – Shoe Carnival Inc. saw net income and sales increase during the first quarter of fiscal 2015 as selling, general and administrative (SG&A) expenses and cost of sales rose at a slower pace than revenues.
Net income totaled $10.4 million, up 8% from $9.2 million the same period a year earlier.
Net sales increased 7% to $252.77 million, from $235.77 million. Same-store sales climbed 3%.

