SCVL Q3 EPS $1.18, sales $341.7M; raises FY operating margin guidance

SHOE CARNIVAL INC

2022-Q3 EPS reported $3.17 revenue$971,456,000

Q3 diluted EPS $1.18, net sales $341.7M; operating margin 12.8% (620 bps above Q3 2019).
Raises FY 2022 operating margin guidance to 11.5%-11.7%; tightens EPS guidance to $3.95-$4.10.
Customer count record 31.5M, up ~35% vs 3 years ago; Shoe Station on track for $100M+ sales in FY2022.
Repurchased 451,638 shares for $10M in Q3; $19.5M remaining under buyback program.
Plans to surpass 400 stores in H1 2023; roadmap to 500+ stores in 3-5 years.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SHOE CARNIVAL INC reported third quarter ended October 29, 2022 results: revenue $341.7 million, net income $32.7 million, EPS $1.18. Guidance raised.

Period: third quarter ended October 29, 2022
Revenue: $341.7 million
Net income: $32.7 million
EPS: $1.18
Guidance: raised
Result: reported results

Exact text from the filing

Third quarter 2022 net sales of $341.7 million increased $67.0 million, or 24.4 percent, compared to the pre-pandemic third quarter 2019, with the Shoe Station bannered stores contributing $22.2 million. Comparable store sales increased 18.3 percent driven by increased non-athletic and athletic sales and less promotional intensity during the quarter. Net sales achieved in the quarter were the second highest of any quarter in the Company’s history, only surpassed by third quarter 2021. Year-to-date net sales increased $174.8 million, or 21.9 percent, compared to 2019, with Shoe Station contributing $75.6 million of the increase. The Shoe Station banner is expected to deliver net sales in excess of $100 million in fiscal 2022. Third quarter 2022 gross profit margin increased 740 basis points to 38.3 percent compared to third quarter 2019. A 760 basis point increase in merchandise margin was primarily due to increased customer relationship management capabilities, which have resulted in m

View on SEC.gov

Browse all earnings releases →

SHOE CARNIVAL INC filing history →

Source: SEC EDGAR

accession 0000950170-22-025239

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.