Evansville-based Shoe Carnival Inc. (Nasdaq: SCVL) is reporting net income of $28.8 million in fiscal year 2015, up from $25.5 million the previous year. Chief Executive Officer Cliff Sifford says the company’s initiatives implemented over the last three years led to record annual sales.
The company is also reporting fiscal fourth quarter net income of $4.2 million, up from $2.9 million during the same period the previous year.
"We are particularly pleased with the strength of our athletic footwear and trend-right boot selection, which helped us comp positive for the sixth consecutive quarter, even as we cycled a high single-digit comparable store sales result in the fourth quarter of last year," said Sifford. "Looking ahead, we believe our inventory position and assortment of fresh spring product in the key categories have us well-positioned for the spring selling season."
The company says it expects fiscal 2016 net sales to reach over $1 billion.