Shoe Carnival posts rise in Q4 sales and earnings

Shoe Carnival, Inc. reported net sales of 239.9 million dollars for the fourth quarter, a 2.2 percent increase over the same quarter of fiscal 2018, while comparable store sales increased 3.2 percent. Gross profit margin for the quarter increased to 29.1 percent compared to 28.4 percent, while net income was 3.5 million dollars or 24 cents per diluted share compared to 1.4 million dollars or 9 cents per diluted share for the fourth quarter of fiscal 2018.