Shoe Carnival (SCVL) Reports In-Line Q3 EPS, provides guidance

Shoe Carnival (NASDAQ: SCVL) reported Q3 EPS of $0.71, in-line with the analyst estimate of $0.71. Revenue for the quarter came in at $306.89 million versus the consensus estimate of $322.87 million.

GUIDANCE:

Shoe Carnival sees FY2025 EPS of $2.60-$2.75, versus the consensus of $2.62. Shoe Carnival sees FY2025 revenue of $1.2-1.23 billion, versus the consensus of $1.234 billion.

Gross Profit Margin: Expected to be approximately even with Fiscal 2023. (No change)

Selling, General and Administrative Expenses (“SG&A”): As a percent of net sales, SG&A is expected to be approximately 30 basis points higher than Fiscal 2023. (Previous guidance approximately 40 basis points higher than Fiscal 2023)

Income Tax Rate: Expected to be approximately 25.6 percent to 26 percent in Fiscal 2024. (Prior guidance approximately 26 percent)

GAAP EPS: Expected to be in a range of $2.55 to $2.70. (No change)

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

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