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StockNews.com
StockNews.com
Business
Nimesh Jaiswal

Shoe Carnival: A Winner in the Footwear Industry

Shoe Carnival, Inc. (SCVL) in Evansville, Ind., operates as a family footwear retailer in the United States. Its shares are currently trading 33.5% below their 52-week high of $46.21, which they hit on Nov. 18, 2021. However, SCVL reported impressive fiscal second-quarter results, beating the Street’s estimates for sales and adjusted EPS by 12.5% and 88.6%, respectively. 

The stock has gained 7.5% in price over the past year to close yesterday's trading session at $30.75.

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