---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-064338"
form_type: "8-K"
ticker: "SCVL"
cik: "0000895447"
company_name: "SHOE CARNIVAL INC"
filed_at: "2023-11-16T23:59:59+00:00"
generated_at: "2026-06-08T01:53:16.705872+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-064338
- form_type: 8-K
- ticker: SCVL
- cik: 0000895447
- company_name: SHOE CARNIVAL INC
- filed_at: 2023-11-16T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/895447/000095017023064338/0000950170-23-064338-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/895447/000095017023064338/scvl-20231116.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-064338
- JSON: https://secwatch.observer/filing/0000950170-23-064338.json
- Plain text: https://secwatch.observer/filing/0000950170-23-064338.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/895447/000095017023064338/0000950170-23-064338-index.htm

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