World Footwear

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Shoe Carnival’s athletic mix expands to 53%

Apr 6, 2018 United States
Shoe Carnival’s athletic mix expands to 53%
The company recently reported 2017 results, marked by earnings rising by 30.1% on an adjusted basis, hitting the high end of guidance. Same-store sales dipped by 0.5%. Now more details were made public
Net sales during the 53-week fiscal 2017 increased 18.1 million US dollars totaling 1.019 billion US dollars compared to 1.001 billion US dollars in 2016. Comparable store sales increased by 0.3% compared to the prior year. Net income for fiscal 2017 totaled 18.9 million US dollars, or 1.15 US dollars per diluted share, compared to net income of 23.5 million US dollars, or 1.28 US dollars per diluted share, in the prior year. Adjusted net income was 24.5 million US dollars, or adjusted earnings per diluted share of 1.49 US dollars, for fiscal 2017, compared to 25.7 million US dollars, or adjusted earnings per diluted share of 1.40 US dollars, for fiscal 2016.

(READ ALL HERE: Shoe Carnival’s earnings at upper end of guidance)

The-Indiana based footwear company has confirmed that based on 2017 revenue results athletic products already represent 53% of sales, up from 51% in the previous year. The mix has grown from 49% in 2013.

Amongst that women accounted for 17% of the company athletic product sales, men’s made up 22% and children’s 14%. In 2016, women’s made up 16% of athletic sales, men’s 22% and children’s 13%.

Among brands, Nike accounted for 35% of the company’s sales in 2017, up from 33%. Skechers accounted for 11% of sales, down from 12% in the prior year.

According to the 10-K form filled by Shoe Carnival, the company purchases merchandise from approximately 160 footwear vendors.

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