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. (Nasdaq: SCVL) is a prominent retailer in the footwear industry, operating over 400 stores across the United States. The company combines value pricing with an entertaining store format, making it a leading choice for family footwear. Headquartered in Evansville, Indiana, Shoe Carnival benefits from a strategic location within 200 miles of major cities like Indianapolis, Nashville, Louisville, and St. Louis.
Shoe Carnival offers a broad assortment of dress, casual, and athletic footwear for men, women, and children, focusing on well-known brands such as Nike, Skechers, Adidas, Puma, HEYDUDE, Converse, Vans, and Crocs. The company operates as one reportable segment due to the similar nature of its products, merchandising, distribution, and marketing processes.
The company implements a bricks-first, omnichannel approach, providing customers with a wide selection of branded footwear through both physical stores and a robust e-commerce platform. This strategy has facilitated consistent growth, with annual revenue surpassing $1.2 billion.
As part of its growth strategy, Shoe Carnival is working with CommerceHub, a global commerce network, to increase its online sales of third-party-owned products. This partnership helps Shoe Carnival onboard and merchandise new products more effectively, enhancing their online product assortment and personalization.
Recent achievements include a significant expansion of their e-commerce capabilities, focusing on providing a seamless shopping experience. The company has been able to quickly adapt to shifts in consumer demand, ensuring faster and more efficient fulfillment of online orders.
With a customer-centric approach, strong supplier partnerships, and innovative merchandising, Shoe Carnival continues to position itself as a leader in the family footwear retail sector. For more details, the latest press releases and annual reports are available on the company's website at www.shoecarnival.com.
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.
Shoe Carnival, Inc. (NASDAQ: SCVL) will announce its fourth quarter and fiscal year 2022 earnings on Wednesday, March 22, 2023, before market open. A conference call will follow at 8:30 a.m. Eastern Time to discuss the results. The call can be accessed via the Investors section of the Shoe Carnival website. As of March 6, 2023, the company operates 397 stores in 35 states and Puerto Rico under the Shoe Carnival and Shoe Station banners. The company emphasizes a wide range of footwear offerings for families, focusing on national brands.
Shoe Carnival (NASDAQ: SCVL) has announced a new share repurchase program authorized by its Board of Directors, allowing the buyback of up to
Shoe Carnival, Inc. (Nasdaq: SCVL) reported its Q3 2022 results, showcasing a significant 24.4% increase in net sales to $341.7 million compared to Q3 2019, marking the second-highest quarterly sales in its history. The company's gross profit margin rose by 740 basis points to 38.3%, while operating income margin improved by 620 basis points to 12.8%. EPS soared 151% to $1.18. The company has raised its annual operating margin guidance and reaffirmed EPS guidance of $3.95 to $4.10 for the fiscal year.
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