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 announced a new share repurchase program for up to
Shoe Carnival has launched a same-day delivery service for U.S. customers collaborating with DoorDash. This innovative service is the first of its kind in the family footwear sector, targeting busy shoppers by offering convenient access to a wide array of footwear. Available within a 12-mile radius of Shoe Carnival locations, the service charges a standard fee of
Shoe Carnival, Inc. (NASDAQ: SCVL) has acquired Shoe Station, a family-owned footwear retailer, for $67 million. This strategic acquisition is expected to be immediately accretive to diluted EPS in fiscal 2022, with an anticipated $100 million in incremental net sales and operating income exceeding 10%. The merger aims to expand Shoe Carnival's market presence across the Southeast, adding over 400 stores to its portfolio by the end of 2022. The acquisition supports Shoe Carnival's goal of becoming a multi-billion dollar retailer, enhancing customer offerings across various demographics.
Shoe Carnival, Inc. (Nasdaq: SCVL) reported record net sales of $356.3 million and net income of $46.8 million for Q3 2021, marking a 29.8% increase in sales year-over-year. Diluted EPS reached $1.64, with a gross profit margin of 40.4%. Year-to-date net sales surpassed $1 billion, with comparable store sales soaring 41.6%. The company raised its fiscal 2021 guidance, anticipating diluted EPS between $5.00 and $5.10. CEO Mark Worden emphasized strong customer demand and positive cash flow from all stores.
Shoe Carnival, Inc. (NASDAQ: SCVL) will announce its third quarter 2021 earnings results on November 17, 2021, before the market opens. A conference call to discuss these results is scheduled for 8:30 a.m. Eastern Time on the same day. The call will be accessible via webcast on Shoe Carnival’s website, with an online replay available for one year. As of November 4, 2021, the company operates 377 stores across 35 states and Puerto Rico, focusing on family footwear.
Shoe Carnival, Inc. (NASDAQ: SCVL) has announced a quarterly cash dividend of
Shoe Carnival, Inc. (NASDAQ: SCVL) has appointed Diane Randolph to its Board of Directors, expanding the Board to seven members, with five being independent. Randolph brings extensive experience from positions at Ulta Beauty and Reitmans, where she led significant technology transformations. Her recognition includes being named one of the Most Influential Women in Tech. Chairman Wayne Weaver expressed enthusiasm for her joining, highlighting her alignment with the company's strategic vision and customer-centric culture.
Shoe Carnival, Inc. (NASDAQ: SCVL) announced that Kerry Jackson, Chief Financial and Administrative Officer, will present at the Sidoti Fall Virtual Small Cap Investor Conference on September 22, 2021, at 4:00 PM ET. The event will provide insights into the company’s performance and future outlook. Shoe Carnival operates 377 stores across 35 states and Puerto Rico, focusing on family footwear. Investors can access a live webcast and replay of the presentation on their website.
Shoe Carnival, Inc. (Nasdaq: SCVL) announced participation in the Goldman Sachs 28th Annual Retailing Conference on Thursday, September 9, 2021, at 3:20 PM ET. President Mark Worden and CFO Kerry Jackson will engage in a virtual fireside chat. Investors can access the live webcast and a replay on Shoe Carnival's Investor Relations website. As of September 2, 2021, Shoe Carnival operates 378 stores across 35 states and Puerto Rico, offering a wide range of footwear for the family.
Shoe Carnival, Inc. (Nasdaq: SCVL) reported record quarterly net income of $44.2 million and diluted earnings per share (EPS) of $1.54 for the second quarter ending July 31, 2021. Net sales for the quarter reached $332.2 million, marking a 10.5% increase year-over-year. The company also completed a two-for-one stock split, raising full-year guidance to an anticipated EPS range of $4.35 to $4.50. With cash reserves at $163.9 million and no debt, Shoe Carnival remains well-positioned for growth.
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