earnings
confidence high
sentiment neutral
materiality 0.65
Shoe Carnival Q3 GAAP EPS $0.70 in line; reiterates FY EPS; expands store rebanner test
SHOE CARNIVAL INC
2024-Q3 EPS reported
$2.15
revenue$939,946,000
- Q3 net sales $306.9M (down 4.1% comp store sales); retail calendar shift moved ~$20M out of quarter.
- Gross profit margin 36.0% (down 80 bps YoY); operating income $24.5M vs $27.9M prior year.
- Rogan’s acquisition contributed $22.3M in Q3; synergy capture ahead of schedule, ~$1.25M expected in H2 2024.
- 10 stores rebannered from Shoe Carnival to Shoe Station; >10% sales and profit lift; 25 more planned in H1 2025.
- FY 2024 guidance: net sales lowered to $1.20-$1.23B; GAAP EPS reaffirmed $2.55-$2.70; cash $91.1M, no debt.