Shoe Carnival(SCVL)

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Shoe Carnival(SCVL) - 2025 Q4 - Annual Report
2025-03-21 20:10
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) [X] Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended: February 1, 2025 or [ ] Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ____________________ to ____________________ Commission File Number: 0-21360 Shoe Carnival, Inc. (Exact name of registrant as specified in its charter) Indiana ...
I Still Like Growth Prospects At Shoe Carnival, But Have A Hold For Now
Seeking Alpha· 2025-03-21 14:13
Shoe Carnival, Inc. (NASDAQ: SCVL ) isn’t popular at the moment, with warnings its share price could keep falling, as it has since last fall. Even the modestly upbeat Q4 and fiscal-2024 earnings results led toRobert F. Abbott has been investing his family’s accounts since 1995, and in 2010 added options, mainly covered calls and collars with long stocks. He is a freelance writer, and his projects include a website that provides information for new and intermediate-level mutual fund investors. A resident of ...
Shoe Carnival(SCVL) - 2024 Q4 - Earnings Call Transcript
2025-03-20 19:42
Shoe Carnival, Inc. (NASDAQ:SCVL) Q4 2024 Earnings Conference Call March 20, 2025 9:00 AM ET Company Participants Mark Worden - President & Chief Executive Officer Carl Scibetta - Senior Executive Vice President & Chief Merchandising Officer Patrick Edwards - Senior Vice President, Chief Financial Officer & Secretary Conference Call Participants Mitchel Kummetz - Seaport Research Sam Poser - Williams Trading Operator Good morning and welcome to Shoe Carnival's Fourth Quarter 2024 Earnings Conference Call. T ...
Shoe Carnival(SCVL) - 2025 Q4 - Annual Results
2025-03-20 10:30
Financial Performance - Net sales for the fourth quarter of Fiscal 2024 were $262.9 million, a decrease from $280.2 million in the fourth quarter of Fiscal 2023, with a comparable store sales decline of 6.3 percent[6][7]. - Fiscal 2024 net sales totaled $1.203 billion, an increase of $27.0 million, or 2.3 percent, compared to Fiscal 2023, driven by a 5.7 percent sales growth from Shoe Station and over $80 million from Rogan's acquisition[10][11]. - The company achieved a GAAP EPS of $2.68 and an adjusted EPS of $2.72 for Fiscal 2024, with net income growing to $73.8 million[6][11]. - The gross profit margin for Fiscal 2024 was 35.6 percent, marking the fourth consecutive year above 35 percent[11]. - The company expects net sales for Fiscal 2025 to range from $1.15 billion to $1.23 billion, with GAAP EPS guidance of $1.60 to $2.10[29]. - Reported net income for the weeks ended February 1, 2025, was $73,766 million, representing a 0.6% increase from $73,348 million for the weeks ended February 3, 2024[44]. - Adjusted net income increased to $74,950 million, up from $73,958 million, maintaining a stable adjusted net income margin of 6.2%[44]. Store Operations and Strategy - The company plans to rebanner 175 stores to the Shoe Station banner over the next 24 months, expecting to operate 218 Shoe Station stores, representing 51 percent of its current store fleet[4][21]. - The first-year investment for the rebanner strategy is forecasted to decrease Fiscal 2025 operating income by $20 to $25 million, resulting in an approximate $0.65 decline in EPS[23]. - Rogan's acquisition contributed over $80 million in net sales in Fiscal 2024, exceeding initial operating income targets by more than 20 percent[13]. Cash and Assets - The company ended Fiscal 2024 with approximately $123.1 million in cash and cash equivalents, marking the 20th consecutive year with no debt[17]. - Cash and cash equivalents increased to $108,680 thousand as of February 1, 2025, compared to $99,000 thousand as of February 3, 2024[38]. - Total assets increased to $1,124,133 thousand as of February 1, 2025, compared to $1,042,025 thousand as of February 3, 2024[38]. Expenses and Margins - Selling, general and administrative expenses rose to $337,642 million, accounting for 28.0% of net sales, up from 27.8% in the previous year[44]. - Adjusted operating income was $92,716 million, reflecting a margin of 7.7%, compared to 8.0% in the prior year[44]. - The amortization expense related to fair value adjustments was $994 million, impacting gross profit and operating income[44]. - Acquisition-related fees and expenses were recorded at $570 million, compared to $806 million in the previous year[44]. Dividends - The board approved an 11.1 percent increase in the quarterly dividend to 15.0 cents per share, marking the 11th consecutive year of dividend increases[15]. Inventory and Profitability - Merchandise inventories rose to $385,605 thousand as of February 1, 2025, up from $346,442 thousand in the previous year, indicating an 11.3% increase[38]. - Gross profit for the thirteen weeks ended February 1, 2025, was $91,669 thousand, representing a gross margin of 34.9%, down from 35.6% in the prior year[42]. - Operating income decreased to $14,037 thousand for the thirteen weeks ended February 1, 2025, compared to $19,969 thousand for the same period in 2024, reflecting a decline in operating margin from 7.1% to 5.3%[36][42]. - Adjusted net income for the thirteen weeks ended February 1, 2025, was $14,876 thousand, compared to $16,130 thousand for the same period in 2024[42].
SCVL Marks 11th Straight Year of Dividend Growth With 11% Increase
ZACKS· 2025-03-18 15:16
Shoe Carnival, Inc. (SCVL) , a prominent footwear and accessories retailer, has announced an increase in its quarterly cash dividend. The company has approved a dividend payment of 15 cents per share, indicating an 11.1% rise. This adjustment brings the annualized dividend rate to 60 cents per share. The dividend is scheduled to be distributed on April 21, 2025, to its shareholders on record as of April 7.This marks the company’s 52nd consecutive quarterly dividend and the 11th straight year of dividend gro ...
Mega Buybacks in 2025: Why These 3 Leading Stocks Are Buys
MarketBeat· 2024-12-26 14:56
Shoe Carnival NASDAQ: SCVL, Mondelez’s NASDAQ: MDLZ, and Kroger NYSE: KRannounced major buybacks in December that should help support their price action over time. Today's question is whether these stocks will be classified as Buys, Sells, or Holds for 2025, and the answer is Buy, if for differing reasons with each stock. Here’s a look at why investors should be interested in them. Get Kroger alerts:Shoe Carnival: Undervalued Small-Cap With a Solid Dividend Shoe Carnival TodaySCVLShoe Carnival$35.30 +0.41 ...
Shoe Carnival(SCVL) - 2025 Q3 - Quarterly Report
2024-12-06 12:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended November 2, 2024 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . Commission File Number: 0-21360 | --- | --- | --- | |-----------------------------------------------------------------------|-------------------------- ...
Shoe Carnival's Q3 2024 Was Better Than Reported, But The Stock Is Not Attractive
Seeking Alpha· 2024-11-28 06:37
Shoe Carnival (NASDAQ: SCVL ) released earnings last week, showing a mixed read, with comparable sales down 4%, in line with a similarly challenging performance in 1H24, but this time potentially more driven by external factors (hurricanes affecting the Southeast markets and a mild fall seasonLong-only investment, evaluating companies from an operational, buy-and-hold perspective.Quipus Capital does not focus on market-driven dynamics and future price action. Instead, our articles focus on operational aspec ...
Shoe Carnival Q3 Earnings Beat Estimates, Comparable Sales Dip Y/Y
ZACKS· 2024-11-22 15:51
Core Insights - Shoe Carnival, Inc. reported third-quarter fiscal 2024 results with net sales of $306.9 million, down 4.1% year over year, missing the consensus estimate of $311 million [4] - Adjusted earnings per share were 71 cents, surpassing the Zacks Consensus Estimate of 61 cents, but down from 80 cents in the same quarter last year [3] Financial Performance - The company experienced a decline in adjusted gross profit, which decreased by 6% year over year to $110.6 million, with an adjusted gross margin of 36.1%, contracting by 70 basis points [5] - Adjusted operating income fell 10.9% year over year to $24.9 million, representing 8.1% of net sales, a decline of 60 basis points [8] - Selling, general and administrative expenses decreased by 4.5% year over year to $85.7 million, with SG&A as a percentage of net sales declining by 10 basis points to 28% [6][7] Strategic Developments - The company made progress on its store rebanner strategy, converting seven Shoe Carnival stores to Shoe Station stores, with plans to rebanner 25 more in the first half of fiscal 2025 [10] - As of November 21, 2024, Shoe Carnival operated 431 stores, including 361 Shoe Carnival, 42 Shoe Station, and 28 Rogan's locations [9] Fiscal 2024 Outlook - The company revised its fiscal 2024 sales guidance to a range of $1.20 billion to $1.23 billion, down from the previous range of $1.23 billion to $1.25 billion, indicating growth of 2% to 4.5% compared to fiscal 2023 [13] - GAAP earnings per share is forecasted to be between $2.55 and $2.70, while adjusted EPS is expected to be between $2.60 and $2.75 [14] - The fiscal 2024 period consists of 52 weeks compared to 53 weeks in fiscal 2023, which is expected to impact fourth-quarter net sales by approximately $20 million [15]
Shoe Carnival(SCVL) - 2025 Q3 - Earnings Call Transcript
2024-11-22 03:37
Shoe Carnival, Inc. (NASDAQ:SCVL) Q3 2025 Earnings Conference Call November 21, 2024 9:00 AM ET Company Participants Steve Alexander - Vice President, Investor Relations Mark Worden - President and Chief Executive Officer Carl Scibetta - Senior Executive Vice President, Chief Merchandising Officer Patrick Edwards - Senior Vice President, Chief Financial Officer and Secretary Conference Call Participants Mitchel Kummetz - Seaport Research Sam Poser - Williams Trading James Chartier - Monness & Crespi Hardt O ...