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.
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, Inc. (NASDAQ: SCVL) reported record fourth-quarter earnings, achieving an EPS of $0.79, up over 550% from Q4 2019, and a full year EPS of $3.96, meeting guidance. Net sales for Q4 reached $290.8 million, a 21.2% increase from 2019. The gross profit margin improved significantly, rising to 38.3%. The company plans to increase its dividend by 11% and aims for a multi-billion-dollar revenue target by 2028, backed by a robust balance sheet with no debt. For 2023, guidance includes net sales of $1.26 to $1.32 billion and an anticipated decline in sales for Q1.
Shoe Carnival has appointed Erik Gast as its new Executive Vice President and Chief Financial Officer, effective April 24, 2023. With over 30 years of finance experience in major retail and customer-facing brands, Gast will succeed W. Kerry Jackson, who is retiring after a 35-year career. Jackson will assist with the transition until May 9, 2023. His leadership was pivotal in achieving significant milestones, including an IPO in 1993 and surpassing $1 billion in annual sales. Mark J. Worden, CEO, expressed excitement about Gast's expertise in finance, strategic planning, and the retail sector as critical for the company's future growth.
