Shoe Carnival (SCVL) Tops Q1 EPS by $1.62, Offers Q2 Guidance

Shoe Carnival (NASDAQ: SCVL) reported Q1 EPS of $3.02, $1.62 better than the analyst estimate of $1.40. Revenue for the quarter came in at $328.5 million versus the consensus estimate of $274.36 million.

GUIDANCE:

Shoe Carnival sees Q2 2021 EPS of $1.00-$1.20, versus the consensus of $0.94. Shoe Carnival sees Q2 2021 revenue of $268-278 million, versus the consensus of $281.9 million.

• Based on second-quarter results to date and expected continued strength in gross profit margin for the remainder of the quarter, the Company currently anticipates record diluted net income per share in the range of $1.00 to $1.20 and net sales in the range of $268 million to $278 million for the second quarter of fiscal 2021.
• Given the continued uncertainty in the business environment, including consumer spending behaviors, ongoing supply chain disruptions, and the timing of in-person learning in the fall, the Company is not providing guidance for the second half of fiscal 2021 at this time.

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

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