Shoe Carnival reported a 12.9% YoY sales increase in Q2 FY24, citing strong Back-to-School sales.

Shoe Carnival reported strong Q2 earnings for fiscal 2024, with adjusted EPS of 83 cents and sales of $332.7 million, a 12.9% increase year-over-year. The company attributed its success to robust Back-to-School sales, particularly in children's and athletic footwear. For Q3, it forecasts sales of $320 million and EPS of 70 cents. Shoe Carnival aims to exceed 500 stores by 2028 and has revised its 2024 outlook to $1.23-$1.25 billion in sales and adjusted EPS of $2.60-$2.75.

September 05, 2024
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