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 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.
Shoe Carnival reported preliminary fourth quarter results for fiscal 2020, indicating net sales of approximately $253.9 million, up from $239.9 million in 2019. Comparable store sales rose by 6.4%, building on a 3.2% increase from the prior year. The expected net income per diluted share is between $0.50 and $0.52, compared to $0.24 in 2019. The company ended the quarter with $106 million in cash and no borrowings. Despite these positive results, no guidance for fiscal 2021 was provided due to ongoing uncertainties related to COVID-19.
Shoe Carnival has authorized a new share repurchase program of up to $50 million for its common stock, effective January 1, 2021. This replaces the previous program set to expire on December 31, 2020, with $43.1 million remaining available for repurchases. The company also declared a quarterly cash dividend of $0.090 per share to be distributed on January 25, 2021. While share repurchases may be executed through various methods until December 31, 2021, the impact of the COVID-19 pandemic will be closely monitored.
Shoe Carnival, Inc. (NASDAQ: SCVL) will present a strategic overview at the Morgan Stanley Virtual Global Consumer & Retail Conference on December 1, 2020, at 3:00 p.m. Eastern Time. The presentation will be accessible via the Investor section of Shoe Carnival's website, with a replay available afterward. As of November 19, 2020, the company operates 383 stores across 35 states and Puerto Rico, focusing on moderately priced footwear for the entire family. Shoe Carnival is headquartered in Evansville, IN.
Shoe Carnival reported record third-quarter results for the period ending October 31, 2020, with net sales of $274.6 million and a net income of $14.7 million, or $1.03 per diluted share. Notable highlights include a gross profit of $87.8 million, reflecting a margin of 32%—up 110 basis points from the previous year. E-commerce sales surged over 150%, now contributing more than 13% of total sales. However, overall sales for the first nine months fell to $722.9 million, a decline from $796.7 million in 2019, amidst store closures due to COVID-19.
Shoe Carnival (Nasdaq: SCVL) is set to disclose its third quarter 2020 earnings on November 18, 2020, post-market close. The company will conduct a conference call at 4:30 p.m. ET to discuss the results, which will be available via webcast on its website. Shoe Carnival operates 383 stores across 35 states and Puerto Rico, specializing in moderately priced footwear for men, women, and children, emphasizing national name brands. Access to a recorded version of the call will be provided for one year after the event.
Shoe Carnival, Inc. (NASDAQ: SCVL) has announced a partnership with the American Cancer Society, raising over $1.4 million for cancer research over five years. In October, the company will support Breast Cancer Awareness Month by allowing customers to round up their in-store purchases, with proceeds aiding breast cancer initiatives. Shoe Carnival operates 383 stores across 35 states and Puerto Rico, featuring popular brands like Nike and Skechers, and emphasizes a fun shopping experience.
Shoe Carnival, Inc. (NASDAQ: SCVL) successfully raised over $400,000 in its inaugural ‘Round Up at the Register’ event, benefiting St. Jude’s Children’s Research Hospital. This campaign ran from July to September, encouraging customers to round up their purchases to support pediatric cancer awareness. CEO Cliff Sifford expressed gratitude for the generous contributions from customers and staff that surpassed their fundraising goals. Proceeds will support patients and families at St. Jude. Shoe Carnival operates 383 stores across 35 states and Puerto Rico, alongside online shopping options.
