Shoe Carnival (SCVL) Posts Better-Than-Expected Q3 Results; Guides Q4 Ahead of Street; Raises FY10 EPS Estimate

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Shoe Carnival, Inc. (Nasdaq: SCVL) reports Q3 EPS of $0.70, 5 cents better than the consensus of $0.65. Revenue for the quarter came in at $204.4 million, compared to the consensus of $199.61 million.

Sees Q4 sales $178 to $182 million, vs. estimate of $177.62 million and comparable store sales to increase in the range of 4 to 6 percent.

Sees EPS in Q4 of 30c to 32c, vs. estimate of 24c.

Sees FY10 sales in range of $737M to $741M, vs estimate of $733M. Raises FY10 EPS guidance to a range of $2.03 to $2.05 from prior view of $1.89 to $1.95, vs. estimate of $1.92.

Sees FY10 comps up 8.1 to 8.6 percent.

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