Shoe Carnival Reports Second Quarter Fiscal 2023 Results
With an improved brand name assortment this year, net sales of athletic merchandise in second quarter 2023 were flat compared to the second quarter 2022 despite lower store traffic.
- With an improved brand name assortment this year, net sales of athletic merchandise in second quarter 2023 were flat compared to the second quarter 2022 despite lower store traffic.
- Second quarter 2023 net income was $19.4 million, or $0.71 per diluted share, compared to second quarter 2022 net income of $28.9 million, or $1.04 per diluted share.
- The EPS in second quarter 2023 improved versus first quarter 2023 by 18.3 percent and is nearly 80 percent higher than any other second quarter in Company history prior to 2021.
- In August 2023, the Company opened its 400th store, now operating 373 Shoe Carnival stores and 27 Shoe Station stores.