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) has announced a quarterly cash dividend of
Mark Worden, President and CEO, emphasized the company’s double-digit operating income margin as a key factor in the board's decision. Future dividends will depend on the company's financial performance.
Shoe Carnival, Inc. reported a strong first quarter for 2022, achieving an EPS of $0.95, a remarkable 107% growth from pre-pandemic levels. Net sales reached $317.5 million, up 25.1% compared to the same period in 2019. The company raised its annual EPS guidance to between $3.95 and $4.15, reflecting confidence in continued sales growth of 4% to 7%. The gross profit margin stood at 35.5%, while the operating income was 11.1% of net sales. Shoe Carnival aims to open 10 new stores in fiscal 2022.
Shoe Carnival, Inc. (NASDAQ: SCVL) will release its first quarter 2022 earnings results on May 18, 2022, before the market opens. The Company will host a conference call at 8:30 a.m. ET to discuss these results. This call will be accessible via webcast on Shoe Carnival's website, with a replay available for one year. As of May 5, 2022, Shoe Carnival operates 395 stores across 35 states and Puerto Rico, emphasizing national name brands in footwear.
Shoe Carnival (SCVL) reported a remarkable Q4 performance, with net sales growing 23.4% to $313.4 million, driven by increased store traffic and customer acquisition. The company achieved a record EPS of $0.72, soaring 177% year-over-year, and a full-year EPS of $5.42, a 271% increase compared to fiscal 2019.
The company is set to expand its store count, with a projected 4-7% sales growth for fiscal 2022, and has increased its dividend by 29%.
Shoe Carnival, Inc. (NASDAQ: SCVL) will release its fourth quarter and fiscal year 2021 earnings results on March 16, 2022, before market opening. A conference call to discuss these results is scheduled for 8:30 a.m. Eastern Time the same day, available via webcast on their website. As of March 3, 2022, Shoe Carnival operates 393 stores across 35 states and Puerto Rico, providing a wide range of footwear for the family.
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.
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