secwatch.observer — SEC 8-K summary
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Issuer:     SHOE CARNIVAL INC (SCVL)
CIK:        0000895447
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0000950170-24-014621
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shoe Carnival acquires Rogan's Shoes for $45M; preliminary FY2023 sales $1.176B
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- Acquired Rogan's Shoes for $45M initial cash; up to $5M contingent on 3-year performance.
- Acquisition expected to generate ~$84M sales and ~$10M operating income post-integration; accretive to FY2024 earnings.
- Preliminary FY2023 net sales $1.176B; diluted EPS in mid-range of $2.65-$2.75 guidance.
- Inventory reduced over $40M YoY; ended FY2023 with >$110M cash, no debt for 19th consecutive year.
- Combined Shoe Station + Rogan's banner sales expected to surpass $200M by FY2025; store count reaches 429.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/895447/000095017024014621/0000950170-24-014621-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/895447/000095017024014621/scvl-20240213.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-014621

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