Shoe Carnival Tops Street In Q4

Shoe Carnival Tops Street In Q4

Shoe Carnival Inc.’s management said the company’s omnichannel strategy and popular rewards program were among the factors that helped it pull off a winning quarter.

The Evansville, Ind.-based footwear chain said, in an after market earnings release Thursday, that its fourth-quarter net income rose 40 percent year-over-year to $4.2 million, or 21 cents per diluted share, from $3 million, or 15 cents per diluted share in the comparable quarter. Wall Street had bet on diluted earnings per share of 14 cents.

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