secwatch.observer — SEC 8-K summary
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Issuer:     SHOE CARNIVAL INC (SCVL)
CIK:        0000895447
Form:       8-K
Filed at:   2023-08-29T23:59:59+00:00
Accession:  0000950170-23-044884
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/895447/000095017023044884/0000950170-23-044884-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/895447/000095017023044884/scvl-20230829.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-044884

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