Shoe Carnival (SCVL) Sees Q4, FY12 Sales Below Views

January 14, 2013 4:08 PM EST Send to a Friend
Shoe Carnival, Inc. (NASDAQ: SCVL) announced updated sales and earnings guidance for the 14-week fourth quarter ended February 2, 2013. The Company does not plan to provide preliminary financial information in the future other than in unique circumstances, or in the event of a material event that requires disclosure.

The Company expects fourth quarter net sales to be in the range of $212 to $214 million with a comparable store sales increase of approximately 1.0 percent. Earnings per diluted share in the fourth quarter of fiscal 2012 are expected to be in the range of $0.20 to $0.22. In the fourth quarter of fiscal 2011, comparable store sales decreased 3.0 percent and the Company earned $0.16 per diluted share.

For fiscal 2012, the Company expects net sales to be in the range of $861 to $863 million and comparable store sales to increase approximately 4.5 percent. Earnings per diluted share for fiscal 2012 are expected to be in the range of $1.48 to $1.50. This would be the highest annual earnings per diluted share in the Company’s history and represents a 13.0 to 14.5 percent increase over last year’s earnings per diluted share. For fiscal 2011, comparable store sales increased 0.7 percent and earnings per diluted share were $1.31.

*** The Street sees Q4 revs of $217 million and EPS of $0.21. The company also expected FY12 EPS of $1.50 and revs of $866.2 million.


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