Shoe Carnival Reports Third Quarter Fiscal 2020 Results
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Shoe Carnival (SCVL) PT Raised to $47 at Susquehanna
November 19, 2020 6:35 AM ESTSusquehanna analyst Sam Poser raised the price target on Shoe Carnival (NASDAQ: SCVL) to $47.00 (from $40.00) while maintaining a Positive rating.
The analyst commented, "The 3Q20 EPS beat, albeit on slightly lower than expected SSS, reflects the ongoing evolution of improving decisions by... More
Shoe Carnival (SCVL) Tops Q3 EPS by 33c, Revenues Miss
November 18, 2020 4:11 PM ESTShoe Carnival (NASDAQ: SCVL) reported Q3 EPS of $1.03, $0.33 better than the analyst estimate of $0.70. Revenue for the quarter came in at $274.6 million versus the consensus estimate of $275.58 million.
Third Quarter Highlights
Net sales were $274.6 millionNet income and diluted net income per share were all-time records of $14.7 million and $1.03 per share, respectivelyGross profit increased $3.0 million to a record $87.8 million and gross profit margin increased 110 basis points to 32 percent compared to the third quarter of fiscal 2019Comparable store sales increased 0.9 percent, on top of a 3.5 percent comparable store sales increase in... More