US’ Shoe Carnival achieves record Q2 sales, net income at $22.6 mn

US retailer Shoe Carnival reported a 12.9 per cent increase in Q2 FY24 net sales, reaching $332.7 million.
The gross profit margin improved to 36.1 per cent.
The company’s net income increased to $22.6 million ($0.82 per share), despite a 2.1 per cent drop in comparable store sales.
Adjusted EPS was $0.83 in Q2 FY24, excluding acquisition costs.