Shoe Carnival, Inc. (SCVL) Misses Q1 EPS by 4c; Issues Light Q2 Profit Outlook

Shoe Carnival, Inc. (NASDAQ: SCVL) reported Q1 EPS of $0.45, $0.04 worse than the analyst estimate of $0.49. Revenue for the quarter came in at $235.8 million versus the consensus estimate of $238.29 million.

Comparable store sales decreased 1.7 percent in the first quarter of fiscal 2014.

The gross profit margin for the first quarter of fiscal 2014 remained flat at 29.5 percent. The merchandise margin increased 0.5 percent while buying, distribution and occupancy expenses increased 0.5 percent as a percentage of sales.

Shoe Carnival, Inc. sees Q2 2014 EPS of $0.12-$0.16, versus the consensus of $0.27. Shoe Carnival, Inc. sees Q2 2014 revenue of $223-228 million, versus the consensus of $232.85 million. Comps expected flat to down 3 percent.

For earnings history and earnings-related data on Shoe Carnival, Inc. (SCVL) click here.

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