Shoe Carnival (SCVL) Tops Q4 EPS by 1c, Offers Guidance

Shoe Carnival (NASDAQ: SCVL) reported Q4 EPS of $0.52, $0.01 better than the analyst estimate of $0.51. Revenue for the quarter came in at $253.9 million versus the consensus estimate of $253.9 million.

GUIDANCE:

Shoe Carnival sees Q1 2021 EPS of $1.40, versus the consensus of $0.99. Shoe Carnival sees Q1 2021 revenue of $273 million, versus the consensus of $253.5 million.

• Given the continued uncertainty surrounding COVID-19 and its impact on consumer spending behaviors and recent supply chain disruptions, the Company will not be introducing annual guidance at this time. Instead, the Company is offering an initial view of its first quarter of fiscal 2021.
• Based on fiscal 2021 first quarter-to-date results, the Company currently anticipates record first quarter sales and earnings, with sales anticipated to be at least $273 million and diluted net income per share of at least $1.40.

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

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