secwatch.observer — SEC 8-K summary
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Issuer:     SHOE CARNIVAL INC (SCVL)
CIK:        0000895447
Form:       8-K
Filed at:   2023-05-24T23:59:59+00:00
Accession:  0000950170-23-023755
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/895447/000095017023023755/0000950170-23-023755-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/895447/000095017023023755/scvl-20230524.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-023755

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer