Shoe Carnival shares soar 19% as boots drive sales
Shoe Carnival Inc. shares soared 19.3% in early Wednesday trading after the retailer reported a fourth-quarter earnings beat and same-store sales growth of 4.7%, blowing past the 3.8% FactSet consensus. "As expected, women's boots were the key driver of this increase," said Clifton Sifford, chief executive of Shoe Carnival, on the earnings call, according to a FactSet transcript. "The strong demand in boots produced a 90 basis-point improvement in merchandise margin for the category, while driving... Читать дальше...