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Shoe Carnival, Inc. (SCVL) Misses Q4 EPS by 1c, Offers Q1 Guidance

March 20, 2014 4:08 PM EDT
Shoe Carnival, Inc. (NASDAQ: SCVL) reported Q4 EPS of $0.03, $0.01 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $200.3 million versus the consensus estimate of $203.87 million. Comparable store sales for the 13-week period ended February 1, 2014 decreased 2.5 percent as compared to the 13-week period ended February 2, 2013.


Shoe Carnival, Inc. sees FY2014 EPS of $0.45-$0.52, versus the consensus of $0.49. The Company expects first quarter of fiscal 2014 net sales to be in the range of $232 million to $241 million, with comparable store sales in the range of flat to down 3.5 percent vs. (Street sees rev. of 252.31 million).

In the 13-week first quarter of fiscal 2013, total net sales were $232.3 million, comparable store sales increased 4.3 percent and the Company earned $0.47 per diluted share.

Mr. Sifford concluded, “While general consumer economic uncertainty keeps our outlook conservative for the first quarter of fiscal 2014, our Shoe Carnival team remains committed to managing the controllable aspects of our business to best position us for future growth as consumer spending begins to improve. We believe the April launch of our spring creative on national cable television will increase Shoe Carnival brand awareness in new and existing markets and will help to drive customer traffic to our stores and website.”

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


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