Shoe Carnival Tops Profit Forecasts as Retailer Continues Rebranding Effort
1. Shoe Carnival surpassed earnings estimates, posting EPS of $0.34. 2. Revenue fell 7.5% YoY to $277.7 million. 3. Sales at Shoe Station rose 4.9%, driven by successful rebranding. 4. Company aims for 28% of stores under Shoe Station by fiscal 2025. 5. CEO reports ongoing success despite macroeconomic challenges.