Shoe Carnival (SCVL) Tops Q2 EPS by 2c, Beats on Revenue; Offers FY25 Guidance
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Shoe Carnival Reports Second Quarter Fiscal 2024 Results
September 5, 2024 6:15 AM EDTEVANSVILLE, 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 second quarter ended August 3, 2024.
Net sales in the quarter exceeded the Companys expectation, increasing 12.9 percent versus prior year to $332.7 million. EPS also exceeded the Companys expectation with second quarter 2024 GAAP EPS of $0.82 and Adjusted EPS of $0.83. GAAP operating income increased 22.0 percent to $30.1 million and Adjusted operating income increased 23.7 percent to $30.5 million versus prior year. Fiscal 2024 sales guidance range... More