Shoe Carnival(SCVL)

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Shoe Carnival (SCVL) Q1 Earnings and Revenues Beat Estimates
zacks.com· 2024-05-23 12:21
Shoe Carnival (SCVL) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.60 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 6.67%. A quarter ago, it was expected that this footwear retailer would post earnings of $0.59 per share when it actually produced earnings of $0.59, delivering no surprise. Over the last four quarters, the company ...
Shoe Carnival(SCVL) - 2024 Q4 - Annual Report
2024-03-22 20:05
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 3, 2024 For the transition period from ____________________ to ____________________ or [ ] Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 0-21360 Shoe Carnival, Inc. (Exact name of registrant as specified in its charter) Indiana ...
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
[Part I - Financial Information](index=3&type=section&id=Part%20I%20-%20Financial%20Information) [Item 1. Financial Statements (Unaudited)](index=3&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) This section presents Shoe Carnival, Inc.'s unaudited condensed consolidated financial statements, including balance sheets, income statements, shareholders' equity, cash flows, and detailed notes on presentation, net income per share, fair value, stock-based compensation, revenue, and leases [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) | (In thousands) | April 29, 2023 | January 28, 2023 | April 30, 2022 | | :--- | :--- | :--- | :--- | | Cash and cash equivalents | $32,587 | $51,372 | $86,179 | | Merchandise inventories | $389,508 | $390,390 | $345,021 | | Total Current Assets | $453,550 | $469,723 | $471,199 | | Total Assets | $976,629 | $989,781 | $861,734 | | Total Current Liabilities | $135,244 | $157,285 | $199,367 | | Total Liabilities | $438,949 | $464,213 | $406,020 | | Total Shareholders' Equity | $537,680 | $525,568 | $455,714 | [Condensed Consolidated Statements of Income](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income) | (In thousands, except per share data) | Thirteen Weeks Ended April 29, 2023 | Thirteen Weeks Ended April 30, 2022 | | :--- | :--- | :--- | | Net sales | $281,184 | $317,527 | | Gross profit | $98,517 | $112,863 | | Operating income | $20,939 | $35,384 | | Net income | $16,526 | $26,897 | | Basic Net income per share | $0.61 | $0.96 | | Diluted Net income per share | $0.60 | $0.95 | [Condensed Consolidated Statements of Shareholders' Equity](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Shareholders%27%20Equity) | (In thousands) | Balance at January 28, 2023 | Dividends declared | Net income | Balance at April 29, 2023 | | :--- | :--- | :--- | :--- | :--- | | Total Shareholders' Equity | $525,568 | $(2,780) | $16,526 | $537,680 | | (In thousands) | Balance at January 29, 2022 | Dividends declared | Net income | Balance at April 30, 2022 | | :--- | :--- | :--- | :--- | :--- | | Total Shareholders' Equity | $452,533 | $(2,561) | $26,897 | $455,714 | [Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) | (In thousands) | Thirteen Weeks Ended April 29, 2023 | Thirteen Weeks Ended April 30, 2022 | | :--- | :--- | :--- | | Net cash provided by operating activities | $2,052 | $17,703 | | Net cash used in investing activities | $(15,026) | $(23,873) | | Net cash used in financing activities | $(5,811) | $(25,094) | | Net decrease in cash and cash equivalents | $(18,785) | $(31,264) | | Cash and cash equivalents at end of period | $32,587 | $86,179 | [Notes to Condensed Consolidated Financial Statements](index=7&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) [Note 1 – Basis of Presentation](index=7&type=section&id=Note%201%20%E2%80%93%20Basis%20of%20Presentation) - Shoe Carnival, Inc. operates as a leading omnichannel family footwear retailer across **35** U.S. states, Puerto Rico, and its e-commerce platform[20](index=20&type=chunk) - The company offers a broad assortment of branded footwear and accessories for all ages under its Shoe Carnival and Shoe Station banners[20](index=20&type=chunk) [Note 2 - Net Income Per Share](index=7&type=section&id=Note%202%20-%20Net%20Income%20Per%20Share) | (In thousands, except per share data) | April 29, 2023 | April 30, 2022 | | :--- | :--- | :--- | | Basic Net Income per Share | $0.61 | $0.96 | | Diluted Net Income per Share | $0.60 | $0.95 | | Basic Weighted Average Shares | 27,223 | 27,996 | | Diluted Weighted Average Shares | 27,505 | 28,331 | - Approximately **1,000** unvested stock-based awards were excluded from diluted net income per share computation for Q1 2023 due to their anti-dilutive impact[22](index=22&type=chunk) [Note 3 - Fair Value Measurements](index=8&type=section&id=Note%203%20-%20Fair%20Value%20Measurements) | (In thousands) | April 29, 2023 | January 28, 2023 | April 30, 2022 | | :--- | :--- | :--- | :--- | | Cash equivalents - money market mutual funds | $29,456 | $45,265 | $90,598 | | Marketable securities - mutual funds that fund deferred compensation | $11,535 | $11,601 | $10,965 | | Total Fair Value Measurements | $40,991 | $56,866 | $101,563 | - The company recognized cumulative unrealized losses of **$2.6 million** on equity securities held as of April 29, 2023[24](index=24&type=chunk) - No impairment charges were recorded for long-lived assets during Q1 2023 or Q1 2022[26](index=26&type=chunk) [Note 4 - Stock-Based Compensation](index=8&type=section&id=Note%204%20-%20Stock-Based%20Compensation) | (In thousands) | Thirteen Weeks Ended April 29, 2023 | Thirteen Weeks Ended April 30, 2022 | | :--- | :--- | :--- | | Total stock-based compensation expense | $1,209 | $1,240 | - As of April 29, 2023, **$10.9 million** of unrecognized compensation expense for share-settled equity awards is expected to be recognized over approximately **2.4 years**[28](index=28&type=chunk) | Share-Settled Equity Awards | Number of Shares (April 29, 2023) | Weighted Average Grant Date Fair Value (April 29, 2023) | | :--- | :--- | :--- | | Outstanding at January 28, 2023 | 560,323 | $23.27 | | Granted | 370,653 | $24.98 | | Vested | (282,927) | $16.83 | | Forfeited | (10,420) | $30.00 | | Outstanding at April 29, 2023 | 637,629 | $27.01 | [Note 5 – Revenue](index=9&type=section&id=Note%205%20%E2%80%93%20Revenue) | (In thousands) | Thirteen Weeks Ended April 29, 2023 | % of Net Sales | Thirteen Weeks Ended April 30, 2022 | % of Net Sales | | :--- | :--- | :--- | :--- | :--- | | Non-Athletics | $142,732 | 51% | $159,111 | 50% | | Athletics | $122,853 | 44% | $140,791 | 44% | | Accessories | $14,548 | 5% | $15,752 | 5% | | Other | $1,051 | 0% | $1,873 | 1% | | Total Net Sales | $281,184 | 100% | $317,527 | 100% | - Revenue is recognized at the point of sale for in-store and 'buy online, pick up in store' transactions, and upon shipment for e-commerce home deliveries[32](index=32&type=chunk) - The Shoe Perks rewards program allocates transaction price, recognizing revenue for loyalty points based on estimated redemptions and expirations[39](index=39&type=chunk) [Note 6 – Leases](index=11&type=section&id=Note%206%20%E2%80%93%20Leases) - All physical stores, the distribution center, and office space are leased and classified as operating leases[40](index=40&type=chunk) | (In thousands) | Thirteen Weeks Ended April 29, 2023 | Thirteen Weeks Ended April 30, 2022 | | :--- | :--- | :--- | | Operating lease cost | $15,872 | $14,699 | | Variable lease cost (CAM, property taxes, insurance) | $5,352 | $4,761 | | Percentage rent and other variable lease costs | $243 | $193 | | Total Lease Costs | $21,467 | $19,653 | [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=12&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the company's Q1 2023 financial condition and results, covering sales, profitability, expenses, liquidity, cash flows, capital resources, store strategy, and credit agreement details [Factors That May Affect Future Results](index=12&type=section&id=Factors%20That%20May%20Affect%20Future%20Results) - Future results are subject to various factors including cost control, labor, promotions, economic downturns, the Shoe Station acquisition, security, retail environment changes, online competition, inventory, supplier relations, trade policies, competition, marketing, real estate, weather, consumer trends, IT disruptions, natural disasters, public health, seasonality, cybersecurity, and business strategy execution[42](index=42&type=chunk) [Overview of Our Business](index=12&type=section&id=Overview%20of%20Our%20Business) - Shoe Carnival, Inc. operates as an omnichannel family footwear retailer under Shoe Carnival and Shoe Station banners, aiming to be the preferred retailer for on-trend branded footwear[45](index=45&type=chunk) - The Shoe Carnival banner offers competitive pricing and a high-energy in-store experience, while Shoe Station targets affluent customers with a larger format and focus on emerging fashion[47](index=47&type=chunk)[48](index=48&type=chunk) - Distinctive shopping experiences provide competitive advantages, including increased multiple unit sales, a loyal customer base, word-of-mouth advertising, and enhanced sell-through of in-season goods[49](index=49&type=chunk) [Critical Accounting Policies](index=13&type=section&id=Critical%20Accounting%20Policies) - No material changes occurred in critical accounting policies, including Merchandise Inventories, long-lived assets, goodwill, intangible assets, leases, and income taxes, as detailed in the Annual Report on Form 10-K[50](index=50&type=chunk) [Results of Operations Summary Information](index=13&type=section&id=Results%20of%20Operations%20Summary%20Information) | Quarter Ended | Number of Stores (End of Period) | Net Change in Store Square Footage | Comparable Store Sales | | :--- | :--- | :--- | :--- | | April 29, 2023 | 397 | 5,000 | (11.9)% | | April 30, 2022 | 395 | 31,000 | (10.6)% | - Comparable store sales include e-commerce, with the original **21** Shoe Station stores and www.shoestation.com included in calculations from Q1 2023[51](index=51&type=chunk) [Executive Summary for First Quarter Ended April 29, 2023](index=14&type=section&id=Executive%20Summary%20for%20First%20Quarter%20Ended%20April%2029%2C%202023) - Diluted net income per share decreased to **$0.60** in Q1 2023 from **$0.95** in Q1 2022, primarily due to an **11.4%** reduction in Net Sales[54](index=54&type=chunk) - Reduced footwear demand stemmed from persistent inflation, a nearly **9%** reduction in federal tax refunds, and unfavorable weather, causing a **23%** decline in spring seasonal product sales[54](index=54&type=chunk) - Despite reduced sales, Q1 2023 was a top-three first quarter, with CRM investments sustaining gross profit margin above **35%**, growing loyalty customers by over **12%** to **32.7 million**, and increasing store conversion to a seven-quarter high[55](index=55&type=chunk)[58](index=58&type=chunk) - Merchandise Inventories were **$44.5 million** higher year-over-year but decreased from **$105.2 million** higher at year-end fiscal 2022, with a goal to reduce inventories by approximately **$40 million** by year-end fiscal 2023[55](index=55&type=chunk) - The company ended Q1 2023 with **397** stores (**372** Shoe Carnival, **25** Shoe Station), opened one Shoe Station store and its e-commerce site, and plans to operate over **400** stores in Q3 2023[57](index=57&type=chunk) [Results of Operations Comparison (Q1 2023 vs. Q1 2022)](index=14&type=section&id=Results%20of%20Operations%20for%20First%20Quarter%20Ended%20April%2029%2C%202023%20Compared%20to%20First%20Quarter%20Ended%20April%2030%2C%202022) [Net Sales](index=14&type=section&id=Net%20Sales) | Metric | Q1 2023 | Q1 2022 | Change | | :--- | :--- | :--- | :--- | | Net Sales | $281.2 million | $317.5 million | -11.4% | | Comparable Store Sales | -11.9% | N/A | N/A | | E-commerce sales as % of merchandise sales | 8% | 11% | -3 percentage points | - The **11.4%** decrease in Net Sales was primarily due to an **11.9%** comparable store sales decline, driven by decreased traffic in physical stores and e-commerce, attributed to persistent inflation, reduced federal tax refunds, and unfavorable weather[58](index=58&type=chunk) [Gross Profit](index=15&type=section&id=Gross%20Profit) | Metric | Q1 2023 | Q1 2022 | Change | | :--- | :--- | :--- | :--- | | Gross Profit | $98.5 million | $112.8 million | -$14.3 million | | Gross profit margin | 35.0% | 35.5% | -0.5 percentage points | | Merchandise margin | -30 basis points | N/A | N/A | | BDO costs impact on gross profit margin | -20 basis points | N/A | N/A | - Merchandise margin decreased due to increased promotional intensity on lower volumes, while buying, distribution, and occupancy (BDO) costs, though lower, decreased gross profit margin by **20 basis points**[59](index=59&type=chunk) [Selling, General and Administrative Expenses ("SG&A")](index=15&type=section&id=Selling%2C%20General%20and%20Administrative%20Expenses%20(%22SG%26A%22)) | Metric | Q1 2023 | Q1 2022 | Change | | :--- | :--- | :--- | :--- | | SG&A Expenses | $77.6 million | $77.5 million | +$0.1 million | | SG&A as % of Net Sales | 27.6% | 24.4% | +3.2 percentage points | - SG&A expenses remained nearly flat year-over-year, with higher depreciation from store modernization and healthcare costs offset by reduced selling costs[60](index=60&type=chunk) [Interest Income and Interest Expense](index=15&type=section&id=Interest%20Income%20and%20Interest%20Expense) - Net interest income increased income before taxes by **$0.5 million** in Q1 2023 compared to Q1 2022, driven by higher interest on invested cash and lower unused commitment fees[61](index=61&type=chunk) [Income Taxes](index=15&type=section&id=Income%20Taxes) | Metric | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | Effective income tax rate | 22.6% | 23.8% | - The lower quarterly effective tax rate resulted primarily from a discrete item related to a higher stock-based compensation benefit leveraged over lower pre-tax income[62](index=62&type=chunk) - For fiscal year 2023, the company expects its tax rate to be between **24%** and **26%**, compared to **25.2%** in fiscal 2022[62](index=62&type=chunk) [Liquidity and Capital Resources](index=15&type=section&id=Liquidity%20and%20Capital%20Resources) [Cash Flow - Operating Activities](index=15&type=section&id=Cash%20Flow%20-%20Operating%20Activities) | Metric | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | Net cash generated from operating activities | $2.1 million | $17.7 million | | Working capital | $318.3 million | $271.8 million | | Current ratio | 3.4 | 2.4 | - The decrease in operating cash flow was primarily driven by decreased Net Sales in Q1 2023[64](index=64&type=chunk) - Working capital increased year-over-year due to lower Accounts Payable and higher Merchandise Inventory levels, partially offset by lower cash balances[65](index=65&type=chunk) [Cash Flow – Investing Activities](index=15&type=section&id=Cash%20Flow%20%E2%80%93%20Investing%20Activities) | Metric | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | Purchases of property and equipment | $15.0 million | $26.9 million | | Marketable Securities balance | $11.5 million | $11.0 million | - Cash outflows for investing activities primarily consisted of capital expenditures for property and equipment, mainly for the store portfolio modernization plan[66](index=66&type=chunk) [Cash Flow – Financing Activities](index=16&type=section&id=Cash%20Flow%20%E2%80%93%20Financing%20Activities) | Metric | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | Net cash used in financing activities | $5.8 million | $25.1 million | | Share repurchases | $0 | $20.5 million | - The decrease in net cash used in financing activities was primarily due to no share repurchases in Q1 2023, compared to **$20.5 million** in Q1 2022[69](index=69&type=chunk) [Capital Expenditures](index=16&type=section&id=Capital%20Expenditures) - Capital expenditures for Fiscal 2023 are expected to be between **$60 million** and **$70 million**[70](index=70&type=chunk) - Approximately **$55 million to $60 million** is allocated for new stores and modernization, and **$5 million to $10 million** for distribution center/e-commerce upgrades, other store improvements, technology investments, and asset replacement[70](index=70&type=chunk) [Store Portfolio](index=16&type=section&id=Store%20Portfolio) - The company opened one Shoe Station store and closed one Shoe Carnival store in Q1 2023[71](index=71&type=chunk) - The growth strategy targets operating over **400** stores in Q3 2023 and over **500** stores by 2028 through organic and acquired growth, aiming to grow the Shoe Station banner to over **100** stores[71](index=71&type=chunk) [Credit Agreement](index=16&type=section&id=Credit%20Agreement) - The company has a **$100 million** Amended and Restated Credit Agreement, collateralized by inventory, expiring March 23, 2027, with SOFR-based interest[72](index=72&type=chunk) - Key covenants require a minimum net worth of **$250 million** and a consolidated interest coverage ratio of not less than **3.0 to 1.0**, with which the company complied as of April 29, 2023[72](index=72&type=chunk) - The Credit Agreement permits cash dividends and share repurchases of **$15 million** or less per fiscal year without restriction, provided no default exists[73](index=73&type=chunk) - No funds were borrowed or repaid under the Credit Agreement during Q1 2023, with borrowing capacity at **$99.3 million** as of April 29, 2023[74](index=74&type=chunk) [Dividends](index=17&type=section&id=Dividends) - The Board approved a Q1 2023 cash dividend of **$0.10 per share**, paid April 17, 2023, totaling **$2.9 million** returned to shareholders[76](index=76&type=chunk) - In Q1 2022, the dividend paid was **$0.09 per share**, totaling **$2.6 million**[76](index=76&type=chunk) [Share Repurchase Program](index=17&type=section&id=Share%20Repurchase%20Program) - The Board authorized a **$50.0 million** share repurchase program effective January 1, 2023, expiring December 31, 2023[78](index=78&type=chunk) - No share repurchases were made in Fiscal 2023 to date; however, **682,886** shares were repurchased at a cost of **$20.5 million** in Q1 2022[79](index=79&type=chunk) [Seasonality](index=17&type=section&id=Seasonality) - The company experiences three distinct peak selling periods: Easter, back-to-school, and Christmas, significantly impacting operating results[80](index=80&type=chunk) - Unanticipated decreases in demand or supply chain disruptions during peak seasons could negatively affect Net Sales, Gross Profit, and profitability[80](index=80&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=17&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) This section outlines the company's market risk exposure, primarily from variable interest rates on its credit agreement, noting no use of interest rate derivative instruments - The company is exposed to market risk due to variable interest rates on its Credit Agreement[81](index=81&type=chunk) - No interest rate derivative instruments are used to manage exposure to changes in market interest rates[81](index=81&type=chunk) - No borrowings were outstanding during the first quarter of 2023[81](index=81&type=chunk) [Item 4. Controls and Procedures](index=17&type=section&id=Item%204.%20Controls%20and%20Procedures) This section confirms the effectiveness of disclosure controls and procedures as of April 29, 2023, with no significant changes in internal control over financial reporting during the quarter - The CEO and CFO concluded that disclosure controls and procedures were effective as of April 29, 2023[82](index=82&type=chunk) - No significant changes in internal control over financial reporting occurred during the quarter ended April 29, 2023[83](index=83&type=chunk) [Part II - Other Information](index=18&type=section&id=Part%20II%20-%20Other%20Information) [Item 1A. Risk Factors](index=18&type=section&id=Item%201A.%20Risk%20Factors) This section states no material changes to risk factors previously disclosed in the company's Annual Report on Form 10-K - No material changes occurred to the risk factors outlined in the Annual Report on Form 10-K for the fiscal year ended January 28, 2023[85](index=85&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=18&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section details equity security transactions, focusing on shares withheld for employee payroll tax and the status of the authorized share repurchase program | Period | Total Number of Shares Purchased (1) | Average Price Paid per Share | Total Number Of Shares Purchased as Part of Publicly Announced Programs (2) | Approximate Dollar Value of Shares that May Yet Be Purchased Under Programs (2) | | :--- | :--- | :--- | :--- | :--- | | January 29, 2023 to February 25, 2023 | 1,289 | $27.56 | 0 | $50,000,000 | | February 26, 2023 to April 1, 2023 | 113,985 | $25.37 | 0 | $50,000,000 | | April 2, 2023 to April 29, 2023 | 0 | $0.00 | 0 | $50,000,000 | | Total | 115,274 | N/A | 0 | N/A | - **115,274** shares were withheld by the company for employee payroll tax withholding upon the vesting of stock-based compensation awards[87](index=87&type=chunk) - The **$50.0 million** 2023 Share Repurchase Program, effective January 1, 2023, and expiring December 31, 2023, has **$50,000,000** remaining available for purchase[87](index=87&type=chunk) [Item 6. Exhibits](index=18&type=section&id=Item%206.%20Exhibits) This section provides a comprehensive index of all exhibits filed with the Quarterly Report on Form 10-Q, including corporate documents, agreements, certifications, and XBRL data - The exhibit index includes corporate documents, employment and stock award agreements, CEO and CFO certifications (Sarbanes-Oxley Act), and Inline XBRL financial statements[89](index=89&type=chunk) [Signature](index=19&type=section&id=Signature) [Signature](index=19&type=section&id=Signature) This section formally concludes the Quarterly Report on Form 10-Q with the signature of an authorized officer, confirming submission under the Securities Exchange Act of 1934 - The report was signed on June 2, 2023, by Erik D. Gast, Executive Vice President, Chief Financial Officer, and Treasurer, as the duly authorized officer and principal financial officer[91](index=91&type=chunk)
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 ...