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) generates frequent news as a family footwear retailer listed on Nasdaq and operating in the shoe stores segment of the retail trade sector. Company press releases highlight its position as one of the nation’s largest family footwear retailers, offering dress, casual and athletic footwear for men, women and children with emphasis on national name brands. News coverage often references its Shoe Carnival and Shoe Station banners, and at times Rogan's store fronts, across hundreds of stores in multiple states and Puerto Rico, along with its e-commerce platforms.
Investors and followers of SCVL news will see regular updates on quarterly earnings results, preliminary financial performance and outlook revisions. The company issues detailed releases on its second and third quarter results, including commentary on comparable sales trends, gross margin performance and the impact of its rebanner strategy. These earnings announcements are typically accompanied by conference call details and webcasts for further discussion of results and strategy.
Another recurring theme in Shoe Carnival news is its One Banner Strategy and the growth of the Shoe Station banner. The company reports on the number of completed rebanner conversions, the relative performance of Shoe Station versus Shoe Carnival, and the expected structural benefits of consolidating to one primary banner. News items also cover strategic initiatives such as proposed corporate name changes tied to this strategy and integration of acquisitions like Rogan's into the Shoe Station banner.
Capital allocation decisions feature prominently in SCVL headlines. The Board of Directors regularly announces quarterly cash dividends and updates on consecutive dividend history, as well as new and existing share repurchase authorizations funded from cash on hand. Leadership and governance updates, including executive appointments and annual shareholder meeting results, also appear in the company’s news flow. For a consolidated view of these developments, this page brings together Shoe Carnival news releases and related market updates so readers can follow how operating performance, strategic transformation and capital return policies evolve over time.
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.
Shoe Carnival, Inc. (NASDAQ: SCVL) will announce its third quarter 2022 earnings results on November 16, 2022, before the market opens. A conference call is scheduled for 8:30 a.m. ET to discuss the results, which will also be available via webcast on their website. Shoe Carnival is a leading retailer of family footwear, operating 395 stores across 35 states and Puerto Rico as of November 2, 2022. The company emphasizes national name brands in its product offerings.
Shoe Carnival, Inc. (NASDAQ: SCVL) has pledged $100,000 to support the American Red Cross hurricane relief efforts following Hurricane Ian. This contribution combines customer donations and corporate giving to assist affected communities in Florida. CEO Mark Worden emphasized the company's commitment to helping families in need, while the Red Cross acknowledged Shoe Carnival's generosity in mobilizing support during this disaster. As of October 4, 2022, Shoe Carnival operates 395 stores across 35 states and Puerto Rico.
Shoe Carnival, Inc. (NASDAQ: SCVL) announced a quarterly cash dividend of
Shoe Carnival reported strong second quarter results for 2022, with net sales of $312.3 million, a 16.4% increase compared to pre-pandemic levels in 2019.
Gross profit margin rose to 36.2%, up 560 basis points from 2019. Diluted earnings per share (EPS) soared to $1.04, reflecting a 160% growth since 2019.
The company expects to exceed annual net sales expectations of $100 million from the Shoe Station acquisition and reaffirms EPS guidance of $3.95 to $4.15 for fiscal 2022.
Shoe Carnival, Inc. (Nasdaq: SCVL) has announced that its second quarter 2022 earnings results will be released on August 25, 2022, before market hours. The company will follow up with a conference call at 8:30 a.m. Eastern Time to discuss the results. Investors can access the call via Shoe Carnival's website, with an online replay available for a year. As of August 9, 2022, Shoe Carnival operates 395 stores across 35 states and Puerto Rico.
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