Shoe Carnival (NASDAQ: SCVL) reported Q3 EPS of $0.66, $0.04 better than the analyst estimate of $0.62. Revenue for the quarter came in at $287.5 million versus the consensus estimate of $286.06 million.

Fiscal 2017 Earnings Outlook

The Company expects fiscal 2017 net sales to be in the range of $1.020 billion to $1.025 billion, with comparable store sales flat to up low single digits. Earnings per diluted share for the fiscal year are expected to be in the range of $1.42 to $1.49. Fiscal 2016 earnings per diluted share were $1.28 and adjusted earnings per diluted share were $1.40.

Third Quarter Highlights

• Net sales increased 4.7 percent to $287.5 million
• Comparable store sales increased 4.4 percent
• Earnings per diluted share increased 22.2 percent to $0.66
• Inventory was down 4.3 percent on a per-store basis

GUIDANCE:

Shoe Carnival sees FY2017 EPS of $1.42-$1.49, versus the consensus of $1.43. Shoe Carnival sees FY2017 revenue of $1.02-1.025 billion, versus the consensus of $1.01 billion.

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