Shoe Carnival, Inc. (SCVL) Misses Q2 EPS by 2c, Q3 EPS Guidance Falls Short

Shoe Carnival, Inc. (NASDAQ: SCVL) reported Q2 EPS of $0.13, $0.02 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $222.1 million versus the consensus estimate of $225.07 million.

Shoe Carnival, Inc. sees Q3 2014 EPS of $0.45-$0.51, versus the consensus of $0.59. Shoe Carnival, Inc. sees Q3 2014 revenue of $247-252 million, versus the consensus of $252.63 million.

"Third Quarter and Second Half Fiscal 2014 Earnings Outlook

For the 13 weeks ending November 1, 2014, earnings per diluted share are expected to be in the range of $0.45 to $0.51, compared to $0.54 in last year’s third quarter. For the second half of fiscal 2014, earnings per diluted share are expected to be in the range of $0.53 to $0.64, compared to $0.57 in second half of last year.

The Company’s guidance is based on the expectation that third quarter net sales will be in the range of $247 to $252 million. This expectation includes a range for comparable store sales of down 1.0 percent to a 1.0 percent gain. For the second half of fiscal 2014, the Company expects net sales in the range of $462 to $471 million with comparable store sales in the range of flat to a 2.0 percent gain.

Looking ahead, Mr. Sifford stated, “Given our customers’ recent purchasing habits, we believe it is prudent to have a conservative outlook for the third quarter. We are incrementally more positive on the fourth quarter based on the anticipation of a strong boot season and we are well positioned with the right product assortment to take every advantage of improved consumer demand.”

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

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