Shoe Carnival announces record results for Q2

United States
Published:  07 September, 2021

The U.S.-based footwear retailer reported record quarterly net sales of US$332.2 million for the second quarter of 2021.

Shoe Carnival also achieved net income of US$44.2 million, an 11.4% increase in store sales and record diluted net income per share of US$1.54 for Q2 2021.

Furthermore, the company saw a record gross profit of US$135.8 million with a record margin of 40.9% for the quarter. It also revealed that its Shoe Perks customer loyalty program membership increased by 10% over the previous year, with membership approaching 28 million.

Shoe Carnival expects continued positive results for 2021 and has forecast net sales in the range of US$307 to $315 million for the third quarter of the 2021 financial year.