Shoe Carnival Expects A Positive H2 2024, But The Stock Is Too Pricey

Tara Moore Shoe Carnival's (NASDAQ:SCVL) 2Q24 results were okay, with comparable sales down but improving sequentially. Aggregate sales were up a strong 13% but were influenced by the acquisition of Rogan's and a calendar shift. The company's margins are improving, but this cannot be separated from the (circumstantially) higher sales. The company is rolling out new marketing initiatives and considering converting some Shoe Carnival stores into Shoe Stations. Management increased guidance. Despite the positi ...