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 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.