---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-023755"
form_type: "8-K"
ticker: "SCVL"
cik: "0000895447"
company_name: "SHOE CARNIVAL INC"
filed_at: "2023-05-24T23:59:59+00:00"
generated_at: "2026-06-14T16:53:19.266036+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-023755
- form_type: 8-K
- ticker: SCVL
- cik: 0000895447
- company_name: SHOE CARNIVAL INC
- filed_at: 2023-05-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/895447/000095017023023755/0000950170-23-023755-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/895447/000095017023023755/scvl-20230524.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-023755
- JSON: https://secwatch.observer/filing/0000950170-23-023755.json
- Plain text: https://secwatch.observer/filing/0000950170-23-023755.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/895447/000095017023023755/0000950170-23-023755-index.htm

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