Shoe Carnival Q3 EPS $0.80 vs $1.18; FY23 outlook cut to $2.65-2.75

SHOE CARNIVAL INC

2023-Q3 EPS reported $2.11 revenue$895,713,000

Net sales $319.9M (-6.4% YoY); comparable store sales -7.4% due to unseasonably warm weather.
Net income $21.9M ($0.80 diluted EPS) vs $32.7M ($1.18) in Q3 FY22.
Gross margin 36.8%, down 150 bps YoY; 11th straight quarter above 35%.
FY2023 EPS guidance lowered to $2.65-2.75 (prev. not stated); Q4 EPS expected $0.54-0.64.
Dividend increased 20% in Sept 2023; $5.4M in share repurchases during Q3.

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 third quarter ended October 28, 2023 results: revenue $319.9 million, net income $21.9 million, EPS $0.80 per diluted share. Guidance lowered.

Period: third quarter ended October 28, 2023
Revenue: $319.9 million
Net income: $21.9 million
EPS: $0.80 per diluted share
Guidance: lowered
Result: reported results

Exact text from the filing

generation position the Company well to pursue additional growth initiatives and M&A opportunities in 2024,” concluded Mr. Worden. Third Quarter Operating Results Net sales were $319.9 million, down 6.4 percent in the quarter compared to third quarter 2022 and comparable store sales were down 7.4 percent, primarily due to softening trends after Labor Day. August net

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Source: SEC EDGAR

accession 0000950170-23-064338

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