Shoe Carnival Expects A Positive H2 2024, But The Stock Is Too Pricey [Seeking Alpha]
Shoe Carnival, Inc. (SCVL)
Last shoe carnival, inc. earnings: 3/25 04:05 pm
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US:NASDAQ Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=89461&p=irol-irhome_pf
Company Research
Source: Seeking Alpha
Summary Shoe Carnival's 2Q24 results showed a 13% sales increase, driven by acquisitions and calendar shifts, with comparable sales down 2.1% but improving sequentially. Margins improved due to higher sales, but are expected to decrease in 2H24 due to marketing expenses and calendar shifts. Management's positive guidance for 2H24 includes comparable sales up to 5%, driven by digital marketing and store conversions, but I maintain a Hold rating. Despite strong management and no debt, SCVL's 10.5% yield is low for a footwear retailer, especially heading into a potential recession. Tara Moore Shoe Carnival's ( NASDAQ: SCVL ) 2Q24 results were okay, with comparable sales down but improving sequentially. Aggregate sales were up a strong 13% but were influenced by the acquisition of Rogan's and a calendar shift. The company's margins are improving, but this cannot be separated from the (circumstantially) higher sales. The company is rolling out new marketing initiatives and con
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SCVL
News
- Shoe Carnival (SCVL): Buy, Sell, or Hold Post Q3 Earnings? [Yahoo! Finance]Yahoo! Finance
- Shoe Carnival Declares Quarterly Cash Dividend and Announces New $50 Million Share Repurchase ProgramBusiness Wire
- Executive Chairman of the Board of Shoe Carnival Picks Up 3.2% More Stock [Yahoo! Finance]Yahoo! Finance
- Designer Brands Reports Q3 Sales Decline as Warm Weather Stalls Demand for Fall Product [Yahoo! Finance]Yahoo! Finance
- Shoe Carnival's (NASDAQ:SCVL) investors will be pleased with their decent 92% return over the last five years [Yahoo! Finance]Yahoo! Finance
SCVL
Earnings
- 11/21/24 - Beat
SCVL
Sec Filings
- 2/14/25 - Form SCHEDULE
- 2/14/25 - Form SCHEDULE
- 1/2/25 - Form 4
- SCVL's page on the SEC website