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.
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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 (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.
Shoe Carnival (Nasdaq: SCVL), a leading footwear and accessories retailer, reported strong first quarter fiscal 2024 results, with net sales rising by 6.8% to $300.4 million, exceeding expectations. The company's GAAP EPS was $0.63, and Adjusted EPS was $0.64. GAAP operating income increased by 7.5% to $22.5 million, while Adjusted operating income rose by 9.8% to $23.0 million. The store count reached a record high of 430, with an addition of 30 stores. Comparable store sales declined by 3.4%, but trends improved towards the end of the quarter. Inventory increased to $411.6 million due to the acquisition of Rogan Shoes. Fiscal 2024 guidance includes a net sales growth of 4-6% and GAAP EPS between $2.50 to $2.70. The company reiterated its commitment to debt-free operations and continued growth investments.
Shoe Carnival, Inc. (Nasdaq: SCVL) will report its first quarter 2024 earnings results on May 23, 2024. The Company will host a conference call at 9:00 a.m. Eastern Time to discuss the results, which will be webcast and available on the Investors section of Shoe Carnival's website. The online replay of the call will be accessible for one year.
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