World Footwear


Declining sales at Shoe Carnival

May 3, 2017 / United States
Declining sales at Shoe Carnival
The US-based retailer of footwear and accessories announced comparable stores sales results for the first fiscal quarter ended on the 29th of April and an updated outlook for annual net sales
Cliff Sifford, Shoe Carnival’s President and Chief Executive Officer commented: “Our sales results improved as we progressed through the first quarter, but it was not enough to offset the soft start we experienced at the beginning of the year with comparable store sales down mid-teens in February. We primarily attribute the decline in our February sales to the delay in tax refund checks. Most recently, we have generated improved sales and we are optimistic that our financial performance will improve as we progress through fiscal 2017.”

Comparable store sales in the first quarter of fiscal 2017 decreased by 3.9% as a result of a slower start to the fiscal year.

The company now expects fiscal year 2017 net sales to be in the range of 1.002 billion US dollars to 1.018 billion US dollars, with comparable store sales flat to down low single digits, and earnings per diluted share in the range of 1.30 US dollars to 1.45 US dollars. This compares to the company’s prior outlook for net sales of 1.028 billion US dollars to 1.040 billion US dollars, with comparable store sales flat to up low single digits and earnings per diluted share of 1.45 US dollars to 1.54 US dollars.

Related news

Related Events

  • May
    May 31-Jun 2, 2017 | New York, United States

    FFANY - Shoe Show

  • Jun
    Jun 11-Jun 12, 2017 | Phoenix, Arizona, United States

    The Arizona Apparel, Accessories, Shoe, & Gift Show

  • Jun
    Jun 14-Jun 17, 2017 | Dallas, United States

    Dallas Apparel & Accessories Market

  • Jun
    Jun 20-Jun 22, 2017 | Atlanta, United States

    Techtextil NA - Atlanta

Related Organizations

  • WSTA - World Shoe Travelers Association

    WSTA - World Shoe Travelers Association

    United States
  • Fashion Institute of Technology

    Fashion Institute of Technology

    United States
  • Two Ten Footwear Foundation

    Two Ten Footwear Foundation

    United States
  • USRA - United Shoe Retailers

    USRA - United Shoe Retailers

    United States