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) announced that Cliff Sifford, Vice Chairman and CEO, will receive the T. Kenyon Holly Memorial Award from the Two Ten Footwear Foundation. This award recognizes exceptional humanitarian achievement in the U.S. footwear industry. Sifford's commitment to philanthropy includes supporting eight local charities in Evansville, Indiana, and contributing to national outreach efforts. Shoe Carnival operates 378 stores across 35 states and Puerto Rico, emphasizing a wide selection of footwear for families.
Shoe Carnival, Inc. (Nasdaq: SCVL) announced that its second quarter 2021 earnings results will be released on August 25, 2021, prior to market opening. A quarterly conference call will follow at 8:30 a.m. Eastern Time to discuss the results. The call will be webcasted on the company’s website, with an online replay available for one year. As of August 4, 2021, Shoe Carnival operates 378 stores across 35 states and Puerto Rico, emphasizing national name brands in men's, women's, and children's footwear.
Shoe Carnival, Inc. (Nasdaq: SCVL) announced a two-for-one stock split, payable as a stock dividend to shareholders of record as of July 6, 2021. The distribution of shares will occur on July 19, 2021, with adjusted shares and stock price effective July 20, 2021. Additionally, a cash dividend of $0.14 per share is scheduled for distribution on the same day. For fiscal 2021, Shoe Carnival anticipates net sales exceeding $1.15 billion and diluted net income per share surpassing $6.00 pre-split, marking significant growth over previous records.
Shoe Carnival, Inc. (Nasdaq: SCVL) announced its participation in two upcoming virtual investor conferences. CEO Cliff Sifford and CFO Kerry Jackson will take part in the Jefferies Virtual Consumer Conference on June 22, 2021, at 3:50 PM ET, and the Sidoti Virtual Investor Conference on June 23, 2021, at 1:45 PM ET. Live webcasts and replays will be available in the Events and Presentations section of their Investor Relations website.
The company operates 377 stores across 35 states and Puerto Rico, focusing on a wide variety of footwear for the family.
Shoe Carnival, Inc. (Nasdaq: SCVL) has announced a quarterly cash dividend of $0.14 per share, set to be paid on July 19, 2021. Shareholders who are on record as of the close of business on July 6, 2021 will be eligible to receive this dividend. The future dividend declarations are contingent on the company’s operational results, financial health, and other relevant conditions as assessed by the Board of Directors. Shoe Carnival operates 377 stores across 35 states and Puerto Rico, focusing on a wide variety of footwear for families.
Shoe Carnival, Inc. (Nasdaq: SCVL) reported record-breaking results for Q1 ended May 1, 2021, with net income of $43.2 million and diluted earnings per share of $3.02. Net sales reached $328.5 million, a 122.7% increase from the previous year, driven by strong demand and positive traffic trends. The gross profit margin improved to 39.6%, reflecting a significant reduction in low-margin promotions. Cash reserves stood at $174.6 million with no debt. The Company expects Q2 net income per share between $1.00 and $1.20, but is not providing guidance for the second half of the year.
Shoe Carnival, Inc. (Nasdaq: SCVL) will release its first quarter 2021 earnings results on May 19, 2021, after market close. A conference call to discuss the results will be held at 4:30 p.m. Eastern Time and will be accessible via the Company's website. As of May 10, 2021, Shoe Carnival operates 377 stores across 35 states and Puerto Rico, specializing in moderately priced footwear for the entire family. The Company emphasizes national name brands and offers online shopping.
Shoe Carnival reported impressive fourth quarter results for fiscal year 2020, with net sales of $253.9 million, a 5.8% increase year-over-year. Net income soared 114% to $7.4 million, or $0.52 per diluted share. The retailer achieved a 6.4% increase in comparable store sales, alongside a significant 175% surge in e-commerce sales, now comprising 19% of total sales. Despite a decrease in annual net sales to $976.8 million, Shoe Carnival remains financially strong, with $106.5 million in cash and no debt. The company anticipates record first quarter sales of at least $273 million in 2021.
Shoe Carnival has announced the election of Mark Worden as the new President and CEO, effective September 30, 2021. He succeeds Cliff Sifford, who will remain as Vice Chairman. Under Sifford’s leadership, the company achieved over $1 billion in revenue and eleven consecutive years of comparable store sales growth. Additionally, the Board of Directors approved a dividend increase from $0.09 to $0.14 per share, reflecting confidence in the company's growth strategy. The dividend will be paid on April 19, 2021, to shareholders of record as of April 5, 2021.
Shoe Carnival, Inc. (Nasdaq: SCVL) will release its fourth quarter and fiscal year 2020 earnings results on March 24, 2021, after market close. The Company will host a conference call at 4:30 p.m. Eastern Time to discuss these results. Interested parties can access the live webcast on Shoe Carnival’s website, which will also provide a replay of the call for one year. Shoe Carnival operates 383 stores across 35 states and Puerto Rico, offering a wide range of moderately priced footwear.
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