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Shoe Carnival: Q3 Earnings Insights

Benzinga Insights
·1 min read

Shares of Shoe Carnival (NASDAQ:SCVL) were flat in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 9.57% year over year to $1.03, which beat the estimate of $0.70.

Revenue of $274,579,000 declined by 0.02% year over year, which missed the estimate of $275,580,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Shoe Carnival hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Nov 18, 2020

View more earnings on SCVL

Time: 04:30 PM

ET Webcast URL: https://investors.shoecarnival.com/events-and-presentations/default.aspx

Recent Stock Performance

52-week high: $40.15

52-week low: $12.56

Price action over last quarter: down 0.20%

Company Profile

Shoe Carnival Inc is a footwear retailer with hundreds of stores in the United States. It offers moderately priced, name-brand dress, casual, and athletic footwear for men, women, and children. Its average store has more than 27,000 pairs of shoes. The company promotes a shopping experience that includes contests, games, and a person on a stage with a microphone to announce limited-time specials. To enable its value-pricing strategy, Shoe Carnival minimizes staffing needs by housing all merchandise on the selling floor and leases store locations in open-air shopping centers. The company buys its merchandise from hundreds of vendors, with Nike and Skechers accounting for a substantial portion of total company sales. All merchandise goes through the company's distribution center in Indiana.

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