Shoe Carnival Q2 net sales $294.6M (-5.7% YoY), EPS $0.71; FY guidance EPS $3.10-$3.25

SHOE CARNIVAL INC

2023-Q2 EPS reported $1.31 revenue$575,799,000

Net sales $294.6M, down 5.7% YoY; comparable store sales down 6.5%.
Diluted EPS $0.71 vs $1.04 prior year; gross profit margin 35.8% (down 40 bps).
FY2023 guidance: EPS $3.10-$3.25, net sales $1.19-$1.21B, comp store sales -8% to -6%.
August back-to-school sales among highest months in history; product margins near record highs.
Inventory expected below prior year levels in Sept; year-end inventory target ~$40M lower vs 2022.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SHOE CARNIVAL INC reported second quarter ended July 29, 2023 results: revenue $294.6 million, net income $19.4 million, EPS $0.71 per diluted share. Guidance reaffirmed.

Period: second quarter ended July 29, 2023
Revenue: $294.6 million
Net income: $19.4 million
EPS: $0.71 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Net sales were $294.6 million, down 5.7 percent in the quarter compared to second quarter 2022, with comparable store sales down 6.5 percent.

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Source: SEC EDGAR

accession 0000950170-23-044884

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