secwatch.observer — SEC 8-K summary
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Issuer:     SHOE CARNIVAL INC (SCVL)
CIK:        0000895447
Form:       8-K
Filed at:   2024-11-21T23:59:59+00:00
Accession:  0000950170-24-129484
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shoe Carnival Q3 GAAP EPS $0.70 in line; reiterates FY EPS; expands store rebanner test
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/895447/000095017024129484/0000950170-24-129484-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/895447/000095017024129484/scvl-20241121.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-129484

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