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Shoe Carnival(SCVL) - 2023 Q4 - Earnings Call Transcript
2024-03-21 21:06
Shoe Carnival, Inc. (NASDAQ:SCVL) Q4 2023 Results Conference Call March 21, 2024 8:30 AM ET Company Participants Steve Alexander - Investor Relations Mark Worden - President and Chief Executive Officer Carl Scibetta - Chief Merchandising Officer Patrick Edwards - Chief Financial Officer Conference Call Participants Mitch Kummetz - Seaport Research Jim Chartier - Monness, Crespi & Hardt Sam Poser - Williams Trading Operator Good morning, and welcome to Shoe Carnival's Fourth Quarter 2023 Earnings Conference ...
Shoe Carnival(SCVL) - 2024 Q3 - Quarterly Report
2023-12-01 13:55
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 October 28, 2023 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 35-1736614 (State or other jurisdict ...
Shoe Carnival(SCVL) - 2023 Q3 - Earnings Call Transcript
2023-11-16 22:08
Shoe Carnival, Inc. (NASDAQ:SCVL) Q3 2023 Earnings Conference Call November 16, 2023 8:30 AM ET Company Participants Steve Alexander - Investor Relations Mark Worden - President and Chief Executive Officer Carl Scibetta - Chief Merchandising Officer Patrick Edwards - Chief Financial Officer Conference Call Participants Mitch Kummetz - Seaport Research Partners Sam Poser - Williams Trading Jim Chartier - Monness, Crespi, Hardt Operator Ladies and gentlemen, good morning, and welcome to the Shoe Carnival’s Th ...
Shoe Carnival(SCVL) - 2024 Q2 - Quarterly Report
2023-09-01 13:00
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 July 29, 2023 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 35-1736614 (State or other jurisdiction ...
Shoe Carnival(SCVL) - 2023 Q2 - Earnings Call Transcript
2023-08-29 17:54
Shoe Carnival, Inc. (NASDAQ:SCVL) Q2 2023 Results Conference Call August 29, 2023 8:30 AM ET Company Participants Mark Worden - President, CEO Carl Scibetta - Chief Merchandising Officer Erik Gast - Chief Financial Officer Conference Call Participants Mitch Kummetz - Seaport Research Sam Poser - Williams Trading Operator Good morning, and welcome to Shoe Carnival's Second Quarter 2023 Earnings Conference Call. Today's conference is being recorded. It is also being broadcast via webcast. Any reproduction or ...
Shoe Carnival(SCVL) - 2024 Q1 - Quarterly Report
2023-06-02 20:06
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 April 29, 2023 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 35-1736614 (State or other jurisdiction ...
Shoe Carnival(SCVL) - 2023 Q1 - Earnings Call Transcript
2023-05-24 15:59
Shoe Carnival, Inc. (NASDAQ:SCVL) Q1 2023 Earnings Conference Call May 24, 2023 8:30 AM ET Company Participants Mark Worden - President and Chief Executive Officer Carl Scibetta - Senior Executive Vice President and Chief Merchandising Officer Erik Gast - Executive Vice President and Chief Financial Officer Conference Call Participants Mitch Kummetz - Seaport Research Operator Good morning and welcome to Shoe Carnival Inc.'s Fiscal Year 2023 First Quarter Earnings Call. Today’s conference is being recorded. ...
Shoe Carnival(SCVL) - 2023 Q4 - Annual Report
2023-03-24 20:11
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: January 28, 2023 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 registran ...
Shoe Carnival(SCVL) - 2022 Q4 - Earnings Call Transcript
2023-03-22 15:17
Financial Data and Key Metrics Changes - The company reported net sales in Q4 of $290.8 million, an increase of $50.9 million or 21.2% compared to Q4 2019, driven by sales from the Shoe Station banner and a comparable store sales increase of 12.6% from the Shoe Carnival banner [27] - Gross profit margins increased by 700 basis points for the year and 920 basis points for Q4 compared to three years prior, with Q4 gross profit margin at 38.3%, the highest in the company's history [3][96] - Operating profit margins for the full year reached 11.6%, up from 5.2% three years ago, and have been sustained over 11% for the last two years [4][78] Business Line Data and Key Metrics Changes - Non-athletic sales saw a significant shift, with comparable sales in non-athletic categories up in the low 20s compared to 2019, while athletic footwear sales were up in the mid-singles [13] - Women's non-athletic sales were up in the high singles versus 2019, with casuals driving sales up in the mid-40s [13] - Men's non-athletic sales were up in the high 20s versus 2019, with men's casuals increasing over 60% [71] Market Data and Key Metrics Changes - The company grew its customer base to over 32 million, with loyalty membership surging over 34% from three years ago [10] - The company experienced a decline in sales for non-athletic categories compared to 2021, attributed to lower boot sales, while athletic sales were down in the low 20s [13] - Inventory at the end of Q4 was $390.4 million, up $130.9 million compared to Q4 2019, with a significant portion attributed to Shoe Station acquisitions [28] Company Strategy and Development Direction - The company plans to surpass 400 stores this year and aims to exceed 500 stores by 2028 through organic growth and targeted acquisitions [5] - The company is focused on a modernization program, with over 40% of the fleet complete, and plans to complete over 60% by the end of fiscal 2023 [25] - The company aims to become a multibillion-dollar retailer with top-tier profitability by 2028, leveraging both organic expansion and acquisitions [30][73] Management's Comments on Operating Environment and Future Outlook - Management noted a slow start to the spring season due to cooler weather and delayed consumer demand, but anticipates sales acceleration later in the spring and summer [76] - The company is mindful of the inflationary environment and economic uncertainty, adjusting capital investments conservatively for the first half of 2023 [66] - Management expressed confidence in the ability to execute growth strategies despite current economic challenges, expecting earnings per share to exceed $4 for 2023 [70] Other Important Information - The company reported zero debt at the end of 2022, marking the 18th consecutive year without debt [66] - The CFO, Kerry Jackson, is retiring after 35 years of service, with Erik Gast set to take over [12] Q&A Session Summary Question: What is the sales trend for Q1? - Management indicated that Q1 sales are expected to be down mid-singles, with a decline in EPS compared to the previous year [32][80] Question: What was the gross margin in Q4? - The gross margin in Q4 was reported as the strongest in three years, with a 250 basis point increase in merchandise margin [52][96] Question: How is the company managing inventory? - Management stated that inventory levels are in line, with no need for deep discounts to liquidate goods, and they are working closely with vendors to maintain freshness [50][65]
Shoe Carnival(SCVL) - 2023 Q3 - Quarterly Report
2022-12-02 13:22
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 October 29, 2022 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 35-1736614 (State or other jurisdictio ...