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.
Bookmark this page for streamlined monitoring of SCVL's progress in competitive retail markets. Return regularly to stay informed about this innovative footwear retailer's latest operational achievements and market communications.
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.
