Shoe Carnival Q4 EPS $0.57; guides FY24 sales growth 4-6%, raises dividend 12.5%

SHOE CARNIVAL INC

2023-FY EPS reported $2.68 revenue$1,175,882,000

Q4 net sales $280.2M (-3.6% YoY); GAAP EPS $0.57, adjusted $0.59. FY23 sales $1.176B, GAAP EPS $2.68.
FY24 guidance: net sales $1.21-1.25B (+4-6%); GAAP EPS $2.50-2.70, adjusted $2.55-2.75.
Dividend increased 12.5% to $0.135/quarter (annualized $0.54), payable April 22, 2024 to holders of record April 8.
Rogan's acquisition ($45M cash) closed Feb 2024; synergy target raised to ~$2.5M/year, fully captured by FY25.
Ended FY23 with $111M cash and no debt; inventory reduced 11.3% YoY; plans 430-432 stores by end FY24.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SHOE CARNIVAL INC updated its the fourth quarter and fiscal year ended February 3, 2024 guidance (initiated).

Period: the fourth quarter and fiscal year ended February 3, 2024
Guidance: initiated
Result: reported results

Exact text from the filing

On March 21, 2024, Shoe Carnival, Inc. (the "Company") issued a press release announcing its operating and financial results for its fiscal year and fourth quarter ended February 3, 2024.

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Source: SEC EDGAR

accession 0000950170-24-034416

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