Another big publicly listed American shoe retailer, Shoe Carnival raised its sales and profit guidance for the fiscal year ending Feb. 2, 2019. It now expects sales to be approximately $1,028 million and comparable store sales to rise by approximately 4 percent.
The company's previous guidance was calling for sales in the range of $1,020 million to $1,022 million, with comparable store sales up by approximately 3.5 percent. In 2017, the company had sales of $1,019 million, with comparable store sales up by 0.3 percent.
This performance was driven by broad-based sales increases, with particular strength in the boot, casual and athletic categories.
For the current financial year, due to end on Feb. 1, 2020, Shoe Carnival expects sales in the range of $1.035 billion to $1.043 billion, with a low single-digit same-store sales increase. The company will report its full fourth quarter and fiscal 2018 results on March 28, 2019.