The Latest Breaking News from SCVL

Because the footwear retail industry is expected to grow with increasing consumer spending, Shoe Carnival (SCVL) is expected to benefit. Therefore, we think it could be wise to buy the current dip in the company’s stock price. Read on.

Shoe Carnival Inc (NASDAQ:SCVL) reported a first-quarter FY22 sales decline of 3.3% year-on-year to $317.53 million, beating the consensus of $314.05 million. Net sales increased 25.1% from pre-pandemic 1Q19, driven by the new customer acquisition. EPS of $0.95 beat the consensus of $0.86. Gross profit fell 13.3% Y/Y to $112.9 million, with the…

Shares of Shoe Carnival (SCVL) are trading way below their 52-week highs despite solid results by the company. But can the stock rebound based on SCVL’s continuing sales growth and rapid store expansion? Read on. Let’s find out.

Shoe Carnival Inc (NASDAQ:SCVL) reported fourth-quarter FY21 sales growth of 23.4% year-on-year, to $313.37 million, beating the consensus of $280.42 million. The revenue growth was driven by increased store traffic and new customer acquisition. Adjusted EPS of $0.83 beat the consensus of $0.44. Gross profit rose 49.5% Y/Y to $116.8 million, with the…