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The Latest Breaking News from Shoe Carnival, Inc.

Shoe Carnival: An Undervalued Retail Stock to Buy on the Dip

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.

StockNews.com · May 27, 2022

Why Shoe Carnival Shares Are Trading Lower Today

Why Shoe Carnival Shares Are Trading Lower Today

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…

Benzinga · May 18, 2022

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