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Stock impact report

Shoe Carnival Q3: EPS Win But Sales Slip Amid Calendar Shifts And Weather Woes [Yahoo! Finance]

Shoe Carnival, Inc. (SCVL) 
Last shoe carnival, inc. earnings: 3/25 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Without the shift, sales would have increased 2.2%. Comparable store sales dropped 4.1% due to hurricanes and warm weather. The company lowered its FY24 net sales outlook to $1.20-1.23 billion but maintained adjusted EPS guidance of $2.60-2.75. Shoe Carnival, Inc. (NASDAQ: SCVL ) reported third-quarter adjusted earnings per share of 71 cents, beating the street view of 67 cents. Quarterly sales of $306.89 million missed the analyst consensus estimate of $316.95 million. Quarterly sales reflected the impact of the retail calendar shift that resulted in approximately $20 million of net sales moving out of the third quarter of 2024 compared to the prior year. Without the impact of the retail calendar shift, net sales increased by 2.2% versus the prior year. “Our flexible digital-first marketing campaign and great brand assortment drove demand during this peak shopping period and profitability in line with expectations for the third quarter,” said Mark Worden, President and Chie Show less Read more
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