Shoe Carnival (SCVL) Tops Q4 EPS by 7c

Shoe Carnival (NASDAQ: SCVL) reported Q4 EPS of $0.21, $0.07 better than the analyst estimate of $0.14. Revenue for the quarter came in at $233.7 million versus the consensus estimate of $232.95 million.

Comparable store sales increased 1.8 percent in the fourth quarter.

"We had a strong finish to fiscal 2015. The initiatives we have implemented over the past three years, including our multi-channel sales strategy, has led to the enrollment of nearly nine million Shoe Perks members and helped drive our record annual sales and diluted earnings per share,” said Cliff Sifford, President and CEO. “We are particularly pleased with the strength of our athletic footwear and trend-right boot selection, which helped us comp positive for the sixth consecutive quarter, even as we cycled a high single-digit comparable store sales result in the fourth quarter of last year. Looking ahead, we believe our inventory position and assortment of fresh spring product in the key categories have us well-positioned for the spring selling season.”

GUIDANCE:

Shoe Carnival sees FY2016 EPS of $1.58-$1.65, versus the consensus of $1.62. Shoe Carnival sees FY2016 revenue of $1.007-1.027 billion, versus the consensus of $1.03 billion.

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

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