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Shoe Carnival reports Q3 EPS 53c vs. 70c last year

Reports Q3 revenue $297.2M vs. $306.9M last year. “Q3 results exceeded expectations. Shoe Station is winning – up over 5% in sales with 260 basis point margin expansion. We’re consolidating to one brand because the performance gap is undeniable. Over time, this unlocks $20M in savings and $100M in working capital to fund growth from our debt-free balance sheet,” said CEO Mark Worden.

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