Shoe Carnival (NASDAQ: SCVL) reported Q3 EPS of $0.76, $0.17 better than the analyst estimate of $0.59. Revenue for the quarter came in at $269.18 million versus the consensus estimate of $266.37 million.

• Earnings per diluted share increased 15 percent to $0.76
• Comparable store sales increased 4.5 percent
• Due to fiscal 2017 being a 53-week year, approximately $25.1 million of net sales reported in the third quarter of 2017 shifted into the second quarter of fiscal 2018, resulting in a net sales decrease of $18.3 million in the third quarter compared to the same period last year
• Repurchased 519,048 shares of common stock at a total cost of $20.0 million under share repurchase program

“We are pleased with our strong third quarter sales results, which reflect growth in all geographic regions and virtually all of our product categories,” commented Cliff Sifford, Shoe Carnival’s President and Chief Executive Officer. “Our third quarter comparable store sales growth of 4.5 percent was on top of a 4.4 percent increase for the same quarter last year. On a year-to-date basis, our comparable store sales have increased 4.2 percent, operating income increased 28.6 percent and earnings per diluted share increased 71.0 percent. As a result of our year-to-date performance and outlook for the remainder of fiscal 2018, we are pleased to raise our annual net sales and earnings guidance.”

GUIDANCE:

Shoe Carnival sees FY2018 EPS of $2.36-$2.38, versus the consensus of $0.00. Shoe Carnival sees FY2018 revenue of $1.02-1.22 billion, versus the consensus of $0 billion.

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