All Shoe Carnival articles – Page 2
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ArticleShoe Carnival plans expansion after strongest results in 43 years
Shoe Carnival’s operating income soared by 164 percent to $27.9 million in the fourth quarter ended on Jan. 29 from $10.6 million a year earlier. Net income was $20.6 million against $7.4 million. Revenues jumped by 23 percent to $313.4 million from $253.9 million as the U.S. retail chain closed ...
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ArticleShoe industry marked by IPOs and takeovers in Q4
The footwear industry witnessed further extraordinary finance transactions during the fourth quarter as companies continue to take advantage of the abundant liquidity injected into the financial system by central banks worldwide to shore up the economy after the Covid-19 outbreak last year. Allbirds, the loss-making California-based producer of Wool Runner ...
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News briefs
Shoe Carnival clears new $50m share buyback
Shoe Carnival’s board authorized a new share repurchase program for up to $50 million of its common stock, effective Jan. 1, 2022. It replaces an existing $50 million share repurchase program that was authorized on Dec. 15, 2020, and that expires on Dec. 31, 2021. Additional purchases may be made ...
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News briefs
Shoe Carnival launches same-day delivery with DoorDash
Shoe Carnival has launched a same-day delivery service in partnership with DoorDash. It is available to all continental U.S. customers who reside within 12 miles of a Shoe Carnival location through the footwear retailer’s website. The standard same-day delivery fee is $10, with a discounted rate of $5 for Shoe ...
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News briefs
Shoe Carnival pledges $100,000 to tornado victims
Shoe Carnival pledged to donate $100,000 to the American Red Cross. The donation will benefit relief efforts for those affected by the tornadoes that devastated portions of the South and Midwest of the U.S. from late Dec. 10 to early Dec. 11. Shoe Carnival stores in Arkansas, Illinois, Indiana, Kentucky, ...
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ArticleShoe Carnival buys Shoe Station
Shoe Carnival is buying substantially all of the assets of family-owned Shoe Station, a footwear retailer which operates stores in five Southeastern U.S. states. The assets are being acquired for $67 million and funded through cash on hand. Mark Worden, Shoe Carnival’s president and CEO said that the deal accelerates ...
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ArticleShoe Carnival to resume increasing store network in 2022
With the release of its best quarterly results in its 43-year history, Shoe Carnival announced plans to accelerate the refurbishing of its stores and to resume increasing the network from 2022. Ultimately, the U.S. footwear retailer wants to become a “multibillion-dollar” corporation in “the years ahead.” In the current full ...
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ArticleFootwear stocks weaker in Q3 on profit-taking
Overall, the price of footwear stocks dropped in the third quarter of 2021 compared with the previous three months on profit-taking after the sector had enjoyed a strong rebound in the first half of the year with the re-opening of the economy, following the easing of Covid-19-related restrictions and the ...
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News briefs
Shoe Carnival appoints a new board director
Shoe Carnival has appointed Diane Randolph to its board of directors. With her appointment, the board of the U.S. footwear retailer is composed of seven directors, of which five are independent. From 2014 to 2020, Randolph held the position of chief information officer of U.S. beauty retailer, Ulta Beauty. Prior ...
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ArticleShoe Carnival hikes full-year guidance after strong second quarter
The American footwear retailer Shoe Carnival increased its full-year guidance after posting strong second-quarter results. “Sales and profit results are far exceeding our expectations for fiscal 2021. And as such, we are significantly raising our annual guidance,” said Mark Worden during a conference call. Worden is chief customer officer but ...
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ArticleStocks of footwear firms benefit from the re-opening of the economy in Q2
In the second quarter, stocks of footwear companies were generally higher as they benefited from the reopening of the economy, following the easing of Covid-19 restrictions, and a subsequent rebound in the consumption of clothing and shoes. Large U.S. footwear companies, which had already posted strong gains in the first ...
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News briefs
Shoe Carnival sees FY sales over $1.15bn
Shoe Carnival expects sales in the current fiscal year to be more than $1.15 billion and diluted net income per share to be in excess of $6.00 before a planned two-for-one stock split, or above $3.00 post-stock split. The forecast sales would surpass its previous sales record by ...
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ArticleShoe Carnival continues to break records
After posting its best ever fiscal fourth quarter, Shoe Carnival booked record quarterly net sales of $328.5 million in the first quarter ended May 1, a 122.7 percent increase from a year earlier, despite substantially all of its stores being closed for about half of the quarter due to the ...
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ArticleRecord sales and earnings for Shoe Carnival
Shoe Carnival had its best fourth quarter ever, with revenues reaching $253.9 million in the three months ended Jan. 30, 2021, a 5.8 percent increase from the year-ago quarter. Comparable-store sales increased by 6.4 percent. The American shoe retailer improved its gross margin by 1.7 percentage points to ...
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ArticleShoe Carnival names a new CEO
Shoe Carnival ’s board has unanimously elected Mark Worden as the next CEO, effective Sept. 30. Worden is the chief customer officer of the American footwear retailer and will succeed Cliff Sifford , who will step down as CEO but will continue as vice chairman of the board. Sifford ...
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News briefsShoe Carnival's Q4 comparable sales up by 6.4%
Shoe Carnival saw its net sales increase to $253.9 million in the fourth quarter ended Jan. 30 from $239.9 million a year earlier. Comparable store sales rose by 6.4 percent year-over-year during the quarter, on top of a 3.2 percent increase in the fourth quarter of fiscal 2019. ...
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ArticleStocks of footwear companies fell by 16.3% in 2020
Well functioning financial markets are providers of information and signals. We are analyzing last year’s performance of footwear companies, but also of luxury goods and e-commerce companies with a strong footwear component, to see how markets perceived some of the key players of our industry.
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News briefs
Shoe Carnival launches new $50 million share buyback
Shoe Carnival ’s board authorized a new share repurchase program of up to $50 million, effective from Jan. 1. The share buyback will replace the existing $50 million share buyback that was cleared on Dec. 12, 2019. Currently, $43.1 million remain available under the existing program and additional purchases ...
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ArticleShoe Carnival delivers its most profitable quarter
Shoe Carnival improved its gross margin by 1.1 percentage points to 32.0 percent in the third fiscal quarter, delivering the company’s most profitable quarter ever, thanks to lower promotional activity. Net income advanced by 1 percent to $14.7 million. After rebounding in the second quarter, Shoe Carnival’s sales ...
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ArticleShoe Carnival’s sales soar to record highs in Q2
After a difficult first quarter, Shoe Carnival recorded a strong rebound in sales in the second fiscal quarter ended Aug. 1, led by e-commerce. The American footwear retailer reported record revenues that were up by 12.1 percent year-on-year to $300.8 million, exceeding the previous record set in the ...
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