Shoe Carnival (SCVL) Misses Q1 EPS by 69c

Shoe Carnival (NASDAQ: SCVL) reported Q1 EPS of ($1.16), $0.69 worse than the analyst estimate of ($0.47). Revenue for the quarter came in at $147.5 million versus the consensus estimate of $164.63 million.

Fiscal 2020 Earnings Outlook

The impacts of the COVID-19 pandemic are expected to continue as the Company’s operations and supply chains, economic conditions and consumer spending adapt to the impacts of COVID-19 being present where the Company operates, procures merchandise and raises capital. Considerable uncertainty exists regarding how this pandemic may affect sales and operations for the remainder of the fiscal year. As a result, the Company is not providing guidance for fiscal year 2020.

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

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