Net Sales Growth
Shoe Carnival achieved net sales of $1.2 billion in fiscal 2024, a growth of 2.3%, outperforming the industry which contracted mid-singles.
Shoe Station Segment Success
Shoe Station grew by 5.7%, becoming the fastest-growing retailer in the industry and leading to successful market entries and customer acquisition.
Rogan's Shoes Acquisition Benefits
Rogan's exceeded profit expectations, with full synergies captured ahead of schedule, contributing $16.5 million in Q4 sales.
Digital-First Marketing Strategy
Continued to drive highly profitable growth, particularly during event periods, achieving sales growth during Thanksgiving and Christmas.
Strong Financial Position
The company ended fiscal 2024 with zero debt, strong cash flow, and increased year-end cash balances, positioning well for future investments.
Shoe Station Rebranding Strategy
A new plan to rebanner stores under Shoe Station, aiming to transform it into a national leader, which is expected to increase profitability by over 20% in 2027.
Dividend Increase
Increased dividend by 11% to $0.15 per share, marking a 238% increase compared to five years ago and 52 consecutive quarters of dividends.