Shoe Carnival (SCVL) Misses Q1 EPS by 1c, Beats on Revenues; Offers FY17 Guidance

Shoe Carnival (NASDAQ: SCVL) reported Q1 EPS of $0.48, $0.01 worse than the analyst estimate of $0.49. Revenue for the quarter came in at $253.4 million versus the consensus estimate of $251.74 million.

GUIDANCE:

Shoe Carnival sees FY2017 EPS of $1.28-$1.40, versus the consensus of $1.38. Shoe Carnival sees FY2017 revenue of $1.002-1.018 billion, versus the consensus of $1.01 billion.

Fiscal 2017 Earnings Outlook

The Company expects fiscal 2017 net sales to be in the range of $1.002 billion to $1.018 billion, with comparable store sales flat to down low single digits. Earnings per diluted share for the fiscal year are expected to be in the range of $1.30 to $1.45. Fiscal 2016 earnings per diluted share were $1.28 and adjusted earnings per diluted share were $1.40.

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

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