USA: Shoe Carnival Lowers Q1 Profit Outlook
Footwear chain Shoe Carnival Inc on Wednesday admitted its first quarter profit would fall short of expectations due to a fall in customer traffic in the south of the country and deep discounting. The Indiana-based operator of nearly 220 stores said in a news release it expects to earn 38 cents to 41 cents per share for the quarter to May 3 compared to its original forecast of 46 cents to 50 cents per share.
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