secwatch.observer — SEC 8-K summary
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Issuer:     SHOE CARNIVAL INC (SCVL)
CIK:        0000895447
Form:       8-K
Filed at:   2024-05-23T23:59:59+00:00
Accession:  0000950123-24-005882
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shoe Carnival Q1 net sales up 6.8% to $300.4M; GAAP EPS $0.63 at high end of guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/895447/000095012324005882/0000950123-24-005882-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/895447/000095012324005882/scvl-20240523.htm
  HTML page:      https://secwatch.observer/filing/0000950123-24-005882

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