---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-025239"
form_type: "8-K"
ticker: "SCVL"
cik: "0000895447"
company_name: "SHOE CARNIVAL INC"
filed_at: "2022-11-16T23:59:59+00:00"
generated_at: "2026-06-21T17:54:58.364734+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-22-025239
- form_type: 8-K
- ticker: SCVL
- cik: 0000895447
- company_name: SHOE CARNIVAL INC
- filed_at: 2022-11-16T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/895447/000095017022025239/0000950170-22-025239-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/895447/000095017022025239/scvl-20221116.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-025239
- JSON: https://secwatch.observer/filing/0000950170-22-025239.json
- Plain text: https://secwatch.observer/filing/0000950170-22-025239.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/895447/000095017022025239/0000950170-22-025239-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.