Recap: Shoe Carnival Q2 Earnings

Shares of Shoe Carnival (NASDAQ:SCVL) fell 12.45% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 11.25% year over year to $0.71, which beat the estimate of $0.61.

Revenue of $300,794,000 up by 12.14% year over year, which missed the estimate of $310,460,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Shoe Carnival hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Sep 01, 2020

Time: 04:30 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/9zt4d7zx

Price Action

Company's 52-week high was at $40.00

52-week low: $12.56

Price action over last quarter: Up 26.74%

Company Description

Shoe Carnival Inc is a footwear retailer with hundreds of stores in the United States. It offers moderately priced, name-brand dress, casual, and athletic footwear for men, women, and children. Its average store has more than 27,000 pairs of shoes. The company promotes a shopping experience that includes contests, games, and a person on a stage with a microphone to announce limited-time specials. To enable its value-pricing strategy, Shoe Carnival minimizes staffing needs by housing all merchandise on the selling floor and leases store locations in open-air shopping centers. The company buys its merchandise from hundreds of vendors, with Nike and Skechers accounting for a substantial portion of total company sales. All merchandise goes through the company's distribution center in Indiana.