Shoe Carnival Kicks Up Strong Q2 Sales, Beats Expectations Amid Retail Rollercoaster

Shoe Carnival, Inc. (NASDAQ:SCVL) shares are trading higher on Thursday.

The company reported that the second quarter adjusted earnings per share was 83 cents, in line with the street view. Quarterly sales of $332.696 million (+12.9%) beat the analyst consensus of $330.05 million.

“Our Back-to-School results were very strong with comparable sales growth achieved in August, driven by the children’s and athletic categories,” said Mark Worden, President and Chief Executive Officer.

Also Read: Private Employment Grows By 99,000 In August, Sharply Misses Forecasts Of 140,000: ‘The Labor Market Overall Is Softening’

In the second quarter of 2024, the company reported a 23.7% increase ...