Shoe Carnival Q1 EPS $0.60 vs $0.95 YoY; lowers FY2023 guidance

SHOE CARNIVAL INC

2023-Q1 EPS reported $0.60 revenue$281,184,000

Net sales $281.2M, down 11.4% YoY; gross margin 35.0%, down 50 bps.
Diluted EPS $0.60, down from $0.95; net income $16.5M vs $26.9M.
FY2023 guidance lowered: EPS $3.60-$3.85, sales $1.23B-$1.25B.
Record 32.7M loyalty members (+12% YoY); inventory $45M above prior year.
Cash and equivalents over $40M with no debt; $50M share repurchase available.

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 first quarter ended April 29, 2023 results: revenue $281.2 million, net income $16.5 million, EPS $0.60 per diluted share. Guidance lowered.

Period: first quarter ended April 29, 2023
Revenue: $281.2 million
Net income: $16.5 million
EPS: $0.60 per diluted share
Guidance: lowered
Result: reported results

Exact text from the filing

First quarter 2023 net sales of $281.2 million ranked in the top three of any first quarter in Company history, but were down 11.4 percent compared to first quarter 2022.

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Source: SEC EDGAR

accession 0000950170-23-023755

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