Shoe Carnival (SCVL) Releases Earnings Results, Misses Expectations By $-0.05 EPS

Shoe Carnival (SCVL) reported quarterly earnings results on Wednesday, Aug-31-2016. The company reported $0.22 earnings per share for the quarter, missing the analyst consensus estimate by $-0.05. Analysts had a consensus of $0.27. The company posted revenue of $231.90 million in the period, compared to analysts expectations of $237.23 million. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

Many Wall Street Analysts have commented on Shoe Carnival. Shoe Carnival was Initiated by Sidoti to “Neutral” on Jun 7, 2016.

Shoe Carnival opened for trading at $29.59 and hit $29.92 on the upside on Monday, eventually ending the session at $29.89, with a gain of 0.84% or 0.25 points. The heightened volatility saw the trading volume jump to 1,46,924 shares. Company has a market cap of $587 M.

In a different news, on Mar 21, 2016, Kent A Kleeberger (director) sold 1,500 shares at $27.07 per share price. According to the SEC, on Jan 28, 2016, Timothy T Baker (EXEC. VP – STORE OPERATIONS) sold 22,000 shares at $28.16 per share price. On Dec 16, 2015, Carl N. Scibetta (EVP – GENERAL MERCHANDISE MGR) sold 2,865 shares at $23.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Shoe Carnival Inc. is a family footwear retailer. The Company’s primary activity is the sale of footwear and related products through its retail stores. The Company also offers online shopping on its e-commerce site at The Company’s product assortment includes dress and casual shoes sandals boots and an assortment of athletic shoes for the entire family. The Company operated approximately 400 stores in 33 states and Puerto Rico. The Company’s stores carry an average of approximately 28200 pairs of shoes featuring an assortment of current-season name brand footwear supplemented with private label merchandise. The Company’s stores also carry complementary accessories such as handbags shoe care items and socks. Its women’s men’s and children’s non-athletic footwear categories are further divided into dress casual sport sandals and boots. The Company’s wholly owned subsidiaries are SCHC Inc. and Shoe Carnival Ventures LLC.

Shoe Carnival

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