Shoe Carnival, Inc. (NASDAQ:SCVL) shares are trading higher after reporting first-quarter results. Net sales in first quarter results were $300.4 million, increasing 6.8% year over year. Revenues beat the street view of $294.54 million. Shoe Carnival’s inventory totaled $411.6 million in the quarter under review, an increase of approximately $22.1 million year over year. Gross profit margin increased to 35.6% in the first quarter due to higher merchandise margins and leverage in ...