Shoe Carnival in Pivotal Point Check: With Shoe Station Brand, the US Shoe Retailer Focuses on Wealthier Customers - Gross Margin Reaches 38.8%, the Best Value in Years!
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Earnings per share in Q2 significantly exceeded expectations. Improved gross margin of 38.8% led to higher profitability. Full-year profit guidance raised. The stock of the US shoe retailer surged by more than 20% on September 4th under high volume after the quarterly results were announced. Although revenue fell short of expectations, Shoe Carnival surprised with a positive development in profits and margins. Shoe Carnival is a shoe retailer specializing in branded and private-label products for the whole family. The company operates...
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