Shoe Carnival (SCVL) Tops Q4 EPS by 39c, Offers Guidance
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Shoe Carnival Reports Record Fourth Quarter and Fiscal Year 2021 Financial Results
March 16, 2022 6:30 AM EDTFourth quarter net sales grew 23 percent, driven by an increase in store traffic and new customer acquisition. Fourth quarter EPS grew 177 percent compared to Q4 2020, and up 500 percent compared to Q4 2019, driven by operating margins more than doubling. Full year EPS of $5.42 grew 271 percent compared to the prior record set in fiscal 2019. Completed the acquisition of Shoe Station on December 3, 2021. The cash deal added a second growth banner to the retail portfolio. Increasing dividend 29 percent and continued to operate with no debt and over $132 million of cash, cash equivalents and... More
