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Stock impact report

Shoe Carnival Q4 Earnings: Sales Miss & EPS Beat, New Shoe Station Strategy, Gloomy Outlook And More [Yahoo! Finance]

Shoe Carnival, Inc. (SCVL) 
Last shoe carnival, inc. earnings: 3/25 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The company reported a fourth-quarter sales decline of 6.2% year-on-year to $262.94 million, missing the analyst consensus estimate of $274.21 million. Comparable store sales declined 6.3% in the quarter, primarily from continued Shoe Carnival declines during nonevent periods. Gross profit fell 8% to $91.67 million, with the margin contracting 70 basis points to 34.9%. Adjusted EPS of 54 cents beat the consensus estimate of 43 cents. Selling, general and administrative expenses fell 2.6% Y/Y to $77.6 million. The operating margin compressed from 7.1% to 5.3%, and operating income for the quarter declined 29% to $14 million. Also Read: NVIDIA And Elon Musk's xAI Join BlackRock, Microsoft Led AI Infrastructure Partnership At the end of fiscal 2024, the company had approximately $123.1 million of cash, cash equivalents and marketable securities, an increase of $11.9 million compared to prior year. Operating cash flow for twelve months totaled $102.6 million. As of March 20, Show less Read more
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