Shoe Carnival 2Q Profit More Than Quadruples
Evansville, Ind. Shoe Carnival Inc. said Thursday its second-quarter profit more than quadrupled, as it was able to increase realized prices on children's and adult shoes.
For the three months ended Aug. 2, the company earned $977,000 compared with a year-ago profit of $167,000. Revenue rose 2% to $158.5 million from $154.8 million.
Meanwhile, same-store sales fell 1%.
Shoe Carnival CEO Mark Lemond said government stimulus checks gave the company a short-term boost in sales.