secwatch.observer — SEC 8-K summary
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Issuer:     SHOE CARNIVAL INC (SCVL)
CIK:        0000895447
Form:       8-K
Filed at:   2024-09-05T23:59:59+00:00
Accession:  0000950170-24-103723
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shoe Carnival Q2 sales up 12.9% to $332.7M, raises FY2024 guidance
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- Q2 GAAP EPS $0.82, Adjusted EPS $0.83; operating income up 22% to $30.1M.
- Net sales record for Q2; gross margin expanded 30 bps to 36.1%; August comp store sales positive.
- FY2024 guidance raised: net sales $1.23B-$1.25B (5-6% growth), GAAP EPS $2.55-$2.70, Adj. EPS $2.60-$2.75.
- Rogan's acquisition added $0.4M expenses; store count 430; cash $84.5M, no debt; $50M share repo remaining.
- Q3 expected net sales ~$320M, GAAP EPS ~$0.70; $20M calendar shift impacts Q3/Q4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/895447/000095017024103723/0000950170-24-103723-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/895447/000095017024103723/scvl-20240905.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-103723

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