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. reports developments for an omnichannel family footwear and accessories retailer operating under the Shoe Carnival and Shoe Station banners. Company news centers on earnings releases, comparable operating performance, store and e-commerce activity, and merchandising across dress, casual and athletic footwear for men, women and children, with emphasis on national name brands.
Recurring updates also include leadership and board matters, shareholder voting topics, cash dividends, share repurchase authorizations, and other capital-structure disclosures tied to its Nasdaq-listed common stock.
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 $0.09 per share, payable on October 18, 2022, to shareholders on record as of October 4, 2022. This decision comes after reporting strong quarterly earnings, with cash and investments exceeding $100 million and no long-term debt. CEO Mark Worden emphasized the Board's commitment to enhancing shareholder returns through dividends, subject to future approvals based on the company's financial outlook.
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.
Shoe Carnival, Inc. (NASDAQ: SCVL) has announced a quarterly cash dividend of $0.09 per share, payable on July 25, 2022, to shareholders on record as of July 11, 2022. This marks the company's 41st consecutive dividend, reflecting strong cash generation and a solid unleveraged balance sheet.
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 $50 million of its common stock, effective January 1, 2022. This replaces a prior program set to expire on December 31, 2021. Additionally, the company declared a quarterly cash dividend of $0.07 per share, payable on January 24, 2022. Over the past eight years, Shoe Carnival has returned over $230 million to shareholders, reaffirming its commitment to enhancing shareholder value as it aims to grow into a multi-billion dollar retailer.