earnings
confidence high
sentiment positive
materiality 0.65
Shoe Carnival Q1 net sales up 6.8% to $300.4M; GAAP EPS $0.63 at high end of guidance
SHOE CARNIVAL INC
2024-Q1 EPS reported
$0.63
revenue$300,365,000
- GAAP EPS $0.63, Adjusted EPS $0.64; operating income +7.5% to $22.5M.
- Gross profit margin 35.6%, 13th consecutive quarter above 35%; comparable store sales -3.4%.
- Store count record 430; Rogan's acquisition contributed ~$40M inventory; FY 2024 guidance reiterated: GAAP EPS $2.50-$2.70.
- No debt; cash & equivalents $69.5M; $100M borrowing capacity; $50M remaining on buyback program.