Shoe Carnival (SCVL) Misses Q3 EPS by 14c; Guides Lower

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Go back to Shoe Carnival (SCVL) Misses Q3 EPS by 14c; Guides Lower

Shoe Carnival Reports Third Quarter Fiscal 2023 Results

November 16, 2023 6:15 AM EST

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 third quarter ended October 28, 2023.

Highlights

Total quarterly net sales were down 6.4 percent; Unseasonably hot weather in September and October resulted in soft seasonal and non-athletic fall sales at Shoe Carnival stores. Shoe Station net sales increased low-double digits in third quarter 2023 versus prior year and its results were accretive to Company operating income margin. Childrens category sales grew... More