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Shoe Carnival - SCVL STOCK NEWS

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.

Overview

Shoe Carnival Inc. is a renowned family footwear retailer that integrates an engaging store experience with a comprehensive, omnichannel approach, offering a wide assortment of branded and private label footwear. The company is recognized for its effective combination of value pricing and a vibrant in-store format that appeals to a broad range of consumers, including men, women, and children. Its strategy emphasizes accessibility through both its extensive national network of brick‐and‐mortar stores and dynamic e-commerce platforms, making it a significant player in the retail footwear sector.

Business Model and Operations

Shoe Carnival operates with a unified reporting segment based on similar merchandising, distribution, and marketing processes across its various retail channels. The business model is tailored to achieve seamless integration between physical store experiences and online shopping, ensuring that customers can enjoy consistent product availability and service quality. The company effectively leverages its omnichannel strategy to offer an assortment of footwear suitable for everyday use, special occasions, athletics, and formal events. This dual-channel approach also enables the company to dynamically respond to evolving consumer preferences and retail trends.

Market Position and Competitive Landscape

Positioned within a competitive environment, Shoe Carnival distinguishes itself with a focus on both national name brands and proprietary product lines aimed at delivering quality and affordability. The company’s retail format is designed to entertain as well as attract value-driven consumers, which differentiates it from many conventional footwear retailers. Its strategic location in Evansville, Indiana, provides logistical advantages, with easy access to major metropolitan areas such as Indianapolis, Nashville, Louisville, and St. Louis. This positioning not only enhances distribution efficiency but also contributes to the company’s reputation in the regional marketplace.

Product Assortment and Customer Experience

The product range at Shoe Carnival spans a diverse selection of dress, casual, and athletic footwear. The company’s curated assortment serves a wide demographic, making it a go-to destination for families seeking both style and functionality. With a strong emphasis on national and regional footwear brands, the retailer effectively caters to various consumer segments—from sporty individuals to fashion-conscious shoppers. The overall in-store ambiance is crafted to provide a fun and interactive shopping experience that aligns with the company’s focus on value and customer engagement.

Operational Excellence and Strategic Advantages

Shoe Carnival benefits from its centralized operations which streamline distribution, marketing, and merchandising activities. The company has developed robust processes that ensure a consistent retail experience across all sales channels. Its operational excellence is underscored by a well-established supply chain, strategic store layouts, and an efficient e-commerce infrastructure—all of which contribute to its steady performance in a competitive market. The emphasis on customer service and a personalized shopping experience further solidifies its standing as a trusted retailer in the footwear industry.

Key Industry Terminology and Insights

Throughout its operations, Shoe Carnival employs several industry-specific practices such as a bricks-first approach, an omnichannel distribution strategy, and targeted merchandising practices to meet diverse consumer demands. These elements not only optimize revenue streams but also enhance the overall customer retention strategy, making the company’s brand synonymous with reliable and enjoyable retail experiences. The integration of traditional retail strengths with modern digital platforms showcases the company’s commitment to remaining relevant in a rapidly changing market landscape.

Rhea-AI Summary

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.

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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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Shoe Carnival, Inc. (SCVL) reports strong financial results for Q4 and Fiscal 2023 with net sales reaching $1.176 billion, meeting expectations. The company anticipates 5.0% net sales growth for Fiscal 2024, increased dividend by 12.5%, and accelerated integration of Rogan's acquisition. Inventory optimization plan exceeded expectations in Fiscal 2023. The acquisition of Rogan's for $45 million is expected to boost earnings in 2024 and enhance expansion opportunities. The company aims to surpass 500 stores by 2028 through organic growth and strategic M&A.
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Shoe Carnival, Inc. (SCVL) increases its quarterly cash dividend by 12.5% to $0.135 per share, totaling an annualized rate of $0.54 per share. This marks the 48th consecutive quarterly dividend and the 10th consecutive year of dividend increases. The company has raised the quarterly dividend by 35% in the last twelve months, showcasing confidence in growth and shareholder returns.
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Shoe Carnival, Inc. (SCVL) will release its fourth quarter and fiscal year 2023 earnings results on March 21, 2024. The earnings call will be held at 8:30 a.m. Eastern Time and can be accessed via webcast on the company's website. An online replay will be available for one year.
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Shoe Carnival, Inc. (SCVL) acquires Rogan Shoes for $45 million, expecting $84 million in sales and $10 million in operating income post integration. The acquisition aims to boost the company's earnings and establish market leadership in Wisconsin while expanding into Minnesota.
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Shoe Carnival, Inc. (Nasdaq: SCVL) announced a new $50 million share repurchase program and a quarterly cash dividend of $0.12 per share. The company aims to enhance shareholder value and execute growth initiatives.
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Shoe Carnival, Inc. (Nasdaq: SCVL) reported a 6.4% decrease in total net sales for the third quarter of 2023 due to unseasonably hot weather affecting fall sales. Despite this, the company saw growth in children's category sales, Shoe Station net sales, and e-commerce sales. The gross profit margin exceeded 35% for the 11th consecutive quarter, and the dividend increased by 20%. However, annual guidance has been lowered due to soft seasonal sales and limited visibility on customer holiday shopping.
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Shoe Carnival, Inc. (Nasdaq: SCVL) will release its third quarter 2023 earnings results on November 16, 2023, before the market open. The quarterly conference call to discuss the results will be held at 8:30 a.m. Eastern Time and will be webcast on the company's website. An online replay of the call will be available for one year.
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Shoe Carnival appoints Patrick Edwards as Senior VP, CFO, Secretary, and Treasurer. Edwards brings 30 years of experience in finance and accounting. Erik Gast leaves the company.
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FAQ

What is the current stock price of Shoe Carnival (SCVL)?

The current stock price of Shoe Carnival (SCVL) is $22.33 as of April 1, 2025.

What is the market cap of Shoe Carnival (SCVL)?

The market cap of Shoe Carnival (SCVL) is approximately 591.3M.

What is the primary business of Shoe Carnival Inc.?

Shoe Carnival is a prominent retailer specializing in a broad range of branded and private label footwear for the entire family, using both physical stores and e-commerce platforms.

How does Shoe Carnival generate its revenue?

The company generates revenue by selling a diverse assortment of dress, casual, and athletic footwear, leveraging an integrated omnichannel strategy that combines in-store and online sales.

What sets Shoe Carnival apart from other footwear retailers?

Shoe Carnival distinguishes itself through its entertaining store format, value pricing, and a seamless omnichannel approach that ensures a consistent shopping experience across all platforms.

Where is Shoe Carnival headquartered and how does its location benefit the company?

Headquartered in Evansville, Indiana, the company benefits from its proximity to several major metropolitan areas, enhancing its distribution capabilities and regional market reach.

What range of products does Shoe Carnival offer?

The retailer offers a comprehensive selection of footwear, including dress shoes, casual sneakers, and athletic footwear for men, women, and children, emphasizing both popular name brands and quality private labels.

How does the omnichannel strategy enhance customer experience at Shoe Carnival?

The integrated approach allows customers to seamlessly transition between in-store and online shopping, ensuring consistent product availability, engaging shopping experiences, and accessible customer service.

Who are the primary customers of Shoe Carnival?

The company caters to families and value-conscious shoppers who seek quality, fashionable footwear at reasonable prices through a mix of engaging retail environments and convenient digital platforms.

How does Shoe Carnival manage its retail operations across various channels?

Shoe Carnival employs well-coordinated merchandising, distribution, and marketing processes that underpin its unified business model, ensuring efficiency and consistency in both its physical and online retail channels.
Shoe Carnival

Nasdaq:SCVL

SCVL Rankings

SCVL Stock Data

591.30M
17.90M
34.14%
72.94%
11.14%
Apparel Retail
Retail-shoe Stores
Link
United States
EVANSVILLE