Shoe Carnival Q3 net income rises to 10.7 mn dollars

Shoe Carnival reported net sales of 287.5 million dollars for the third quarter of fiscal 2017, a 4.7 percent increase, while comparable store sales increased 4.4 percent. Gross profit margin decreased 0.1 percent to 29.8 percent compared to 29.9 percent in the third quarter of fiscal 2016. Net income for the quarter was 10.7 million dollars or 0.66 dollar per diluted share compared to 9.7 million dollars or 0.54 dollar per diluted share.