Shoe Carnival (SCVL) Tops Q3 EPS by 5c, Updates FY Guidance

Shoe Carnival (NASDAQ: SCVL) reported Q3 EPS of $0.94, $0.05 better than the analyst estimate of $0.89. Revenue for the quarter came in at $274.6 million versus the consensus estimate of $273.2 million.

GUIDANCE:

Shoe Carnival sees FY2019 EPS of $2.85-$2.89, versus the consensus of $2.80. Shoe Carnival sees FY2019 revenue of $1.033-1.036 million, versus the consensus of $1.03 million.

• The Company is raising its annual outlook based on its results year-to-date and its outlook for the remainder of the fiscal year. The Company now expects annual diluted earnings per share of $2.85 to $2.89 compared to its previous guidance of $2.77 to $2.83. This compares to diluted earnings per share of $2.45 in the prior fiscal year. Total net sales for the fiscal year 2019 are now expected to be in the range of $1.033 billion to $1.036 billion and the Company is reiterating its annual comparable store sales guidance of a low single-digit increase.

For earnings history and earnings-related data on Shoe Carnival (SCVL) click here.

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