earnings
confidence high
sentiment positive
materiality 0.80
Shoe Carnival Q1 EPS $0.95 beats, raises FY2022 EPS guidance to $3.95-$4.15; sales up 25% vs 2019
SHOE CARNIVAL INC
2022-Q1 EPS reported
$0.95
revenue$317,527,000
- Q1 diluted EPS of $0.95 (vs $0.46 in Q1 2019 pre-pandemic); net sales $317.5M, up 25.1% from Q1 2019.
- Gross profit margin 35.5% (600 bps above Q1 2019); operating margin 11.1% (500 bps above pre-pandemic).
- FY2022 EPS guidance raised to $3.95-$4.15 from $3.80-$4.10; sales growth reaffirmed at 4-7% YoY.
- Opened 2 new stores in Q1; plans 10 new stores in FY2022; store count to exceed 400 by year-end.
- Repurchased 682,886 shares for $20.5M in Q1; $29.5M remaining under buyback program.