secwatch.observer — SEC 8-K summary
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Issuer:     SHOE CARNIVAL INC (SCVL)
CIK:        0000895447
Form:       8-K
Filed at:   2024-03-21T23:59:59+00:00
Accession:  0000950170-24-034416
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/895447/000095017024034416/0000950170-24-034416-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/895447/000095017024034416/scvl-20240321.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-034416

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