Shoe Carnival (SCVL) Tops Q1 EPS by 9c; Raises Outlook

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Go back to Shoe Carnival (SCVL) Tops Q1 EPS by 9c; Raises Outlook

Shoe Carnival Reports First Quarter Fiscal 2022 Results

May 18, 2022 6:30 AM EDT

First quarter EPS of $0.95 exceeded expectations, growing 107 percent compared to 2019 pre-pandemic, driven by double-digit operating profit margin. Raising 2022 EPS guidance and re-affirming sales guidance. Grew new customer acquisition over 10 percent compared to first quarter 2021, resulting in over 29 million loyal customers.

EVANSVILLE, Ind.--(BUSINESS WIRE)-- Shoe Carnival, Inc. (Nasdaq: SCVL) (the "Company"), a leading retailer of footwear and accessories for the family, today reported results for the first quarter ended April 30, 2022.

Given the volatility during 2020 and 2021, the Company believes the most relevant indicator of... More