Welcome to our dedicated page for Shoe Carnival news (Ticker: SCVL), a resource for investors and traders seeking the latest updates and insights on Shoe Carnival stock.
Shoe Carnival, Inc. (SCVL) is a leading family footwear retailer combining value-driven pricing with an engaging omnichannel experience. This news hub provides investors and industry observers with comprehensive updates on corporate developments, financial performance, and strategic initiatives.
Access official press releases alongside curated news coverage spanning earnings announcements, store expansions, product innovations, and leadership updates. Our repository simplifies tracking of SCVL's market position through key milestones including quarterly results analysis, partnership disclosures, and supply chain enhancements.
Discover updates on SCVL's distinctive retail strategy blending physical store experiences with e-commerce growth. Content categories feature financial filings, merchandising developments, corporate responsibility initiatives, and consumer trend adaptations. All materials maintain factual accuracy without speculative commentary.
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Shoe Carnival (SCVL) reported its Q4 and fiscal 2024 results, achieving the high end of annual EPS expectations with GAAP EPS of $2.68 and Adjusted EPS of $2.72. The company posted annual sales growth of 2.3% to $1.203 billion, driven by Shoe Station's industry-leading 5.7% growth and Rogan's Shoes acquisition contribution of over $80 million.
The company announced a significant strategic shift, planning to rebanner 175 stores to Shoe Station over the next 24 months, which will result in 51% of their fleet operating under the Shoe Station banner. For fiscal 2025, they expect to convert 50-75 stores, with an estimated $20-25 million impact on operating income.
Q4 2024 net sales were $262.9 million, with net income of $14.7 million ($0.53 per share). The company maintained strong financial health, marking its 20th consecutive year without debt, with $123.1 million in cash and equivalents. The Board approved an 11.1% dividend increase to 15.0 cents per share.
Shoe Carnival (SCVL) has announced an 11.1% increase in its quarterly cash dividend to $0.15 per share, raising the annualized dividend rate to $0.60 per share. The dividend will be paid on April 21, 2025, to shareholders of record as of April 7, 2025.
This marks the company's 52nd consecutive quarterly dividend and 11th consecutive year of dividend increases. The new annualized dividend rate represents a 238% increase compared to the rate paid to shareholders five years ago. CEO Mark Worden stated this increase demonstrates confidence in delivering growth and enhancing shareholder returns.
Shoe Carnival (SCVL) has scheduled the release of its fourth quarter and fiscal year 2024 financial results for Thursday, March 20, 2025, before market opening. The footwear and accessories retailer will host a conference call to discuss the results at 9:00 a.m. Eastern Time.
The earnings call will be accessible via webcast through the Investors section of the company's website. An online replay will be made available shortly after the call and remain accessible for one year.
Shoe Carnival (SCVL) has announced two significant shareholder-focused initiatives. First, the company declared a quarterly cash dividend of $0.135 per share, payable on January 27, 2025, to shareholders of record as of January 13, 2025, marking their 51st consecutive quarterly dividend. Second, the Board approved a new $50 million share repurchase program effective January 1, 2025, replacing an existing program set to expire December 31, 2024.
The company plans to fund the repurchase program from cash on hand, highlighting their debt-free operations and strong cash flow position. Purchases may be made through open market or private transactions through December 31, 2025, with potential implementation through a Rule 10b5-1 plan.
Shoe Carnival (SCVL) reported Q3 fiscal 2024 results with net sales of $306.9 million, down from $319.9 million in Q3 2023, primarily due to a retail calendar shift. The company achieved GAAP EPS of $0.70 and Adjusted EPS of $0.71, meeting expectations. Year-to-date net sales grew 4.9% to $939.9 million. Gross profit margin was 36.0%, marking the 15th consecutive quarter above 35%. The company reiterated its full-year 2024 EPS guidance of $2.55-$2.70 and plans to expand its store rebannering strategy to 25 additional stores in first half of 2025.
Shoe Carnival (SCVL) has announced it will release its third quarter 2024 financial results on Thursday, November 21, 2024, before the market opens. The company will host a conference call at 9:00 a.m. Eastern Time to discuss the quarterly results. Investors can access the webcast through the Investors section of Shoe Carnival's website, and the replay will be available online for one year.
Shoe Carnival (Nasdaq: SCVL) has declared a quarterly cash dividend of $0.135 per share, payable on October 21, 2024, to shareholders of record as of October 7, 2024. This marks the company's 50th consecutive quarterly dividend, underscoring its commitment to enhancing shareholder value. CEO Mark Worden highlighted the company's strong cash flow generation and debt-free status, which enable continued funding of operations and growth strategies. Worden expressed confidence in Shoe Carnival's position to increase shareholder returns and pursue its vision of becoming the leading family footwear retailer in the nation. Future dividend declarations will depend on various factors, including the company's financial condition and business performance.
Shoe Carnival (SCVL) reported strong Q2 fiscal 2024 results, exceeding expectations. Net sales increased 12.9% to $332.7 million, setting a new Q2 record. GAAP EPS reached $0.82, with Adjusted EPS at $0.83. Operating income grew 22% to $30.1 million. The company raised its fiscal 2024 sales guidance to 5-6% growth. Back-to-School sales were robust, with comparable sales growth in August driven by children's and athletic categories. Gross profit margin expanded by 30 basis points to 36.1%. The company operates 430 stores and aims to surpass 500 stores by 2028. Shoe Carnival increased its fiscal 2024 outlook, projecting net sales of $1.23-1.25 billion and GAAP EPS of $2.55-$2.70.
Shoe Carnival (Nasdaq: SCVL), a leading family footwear and accessories retailer, has announced that it will release its second quarter 2024 earnings results on Thursday, September 5, 2024, before the market opens. The company will host a conference call to discuss the results at 9:00 a.m. Eastern Time on the same day.
Investors and interested parties can access the earnings call webcast through the Investors section of Shoe Carnival's website at www.shoecarnival.com. An online replay of the conference call will be available shortly after the call concludes and will remain accessible for one year.
Shoe Carnival (Nasdaq: SCVL) announced its 49th consecutive quarterly cash dividend of $0.135 per share. This dividend will be paid on July 22, 2024, to shareholders recorded by July 8, 2024. The company emphasizes its solid cash flow and zero debt, which supports ongoing shareholder returns and growth strategies. Future dividends will be subject to board approval, factoring in the company’s financial performance and market conditions.
