Reported 1 day ago
Shoe Carnival reported first-quarter earnings of $0.34 per share, easily surpassing analysts' estimates, as it progresses with its rebranding strategy. The company plans to convert 28% of its locations into the more successful Shoe Station brand by fiscal year's end, contributing to a 4.9% increase in sales at Shoe Station stores, despite a decline in overall revenue and Shoe Carnival store sales.
Source: YAHOO