The group reported its 2016 results on Tuesday.
Company revenue rose 14.5 percent in the year ended Dec. 31.
The company announced another round of disappointing earnings today.
The proof was in Madden’s fourth-quarter results today.
The company said it hasn’t been able to sell enough apparel lately.
The company is still feeling the effects of last year’s SEC probe.
The company said consumers are responding positively to its full-price product.
The company said its net income during the quarter climbed 2 percent year-over-year, to $43.8 million.
The shoe-retailer holding company said it was downgrading its expectations for the year after it was caught by a surprise dip in sales at Journeys.
Shoe Carnival was the latest family footwear retailer to feel the effects of a slow retail season this summer.