Shoe Carnival's Stock Plummets, Long-Term Investors Lose Value
Update: 2025-11-20
Description
Shoe Carnivals stock plummeted by six percent following a decline in third-quarter profit and sales. Earnings per share dropped to fifty-three cents, down from seventy cents last year, and revenue decreased by three point two percent to two hundred ninety-seven point two million dollars. Same-store sales also fell by two point seven percent, indicating a tough period for the retailer. Despite slightly beating analysts predictions, the overall decline in profit and sales led to a negative market response. The stock has been volatile, with a fifty-one percent drop since the start of the year, and a five-year investment would now be worth less than its initial value.
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