Shoe Carnival (NASDAQ:SCVL) Stock

Shoe Carnival

Shoe Carnival Inc is a family footwear retailer that offers a broad assortment of dress, casual, and athletic footwear for men, women, and children with an emphasis on national name brands such as Nike, Skechers, Adidas, Puma, HEYDUDE, Converse, Vans, and Crocs. The company operates its business as one reportable segment based on the similar nature of products sold; merchandising, distribution, and marketing processes involved; target customers; and economic characteristics of stores and e-commerce platforms. Its bricks-first, omnichannel approach provides customers easy access to a wide assortment of branded footwear for work, athletics, daily activities, and special events via a choice of delivery channels.

Shoe Carnival Inc

Shoe Carnival Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) shares are <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">trading lower in premarket</a> on Thursday after the fourth-quarter earnings result.
The company reported a <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/b44412312/shoe-carnival-reports-fourth-quarter-and-fiscal-2024-results" rel="noreferrer noopener">fourth-quarter sales</a> decline of 6.2% year-on-year to $262.94 million, missing the analyst consensus estimate of $274.21 million.
Comparable store sales declined 6.3% in the quarter, primarily from continued Shoe Carnival declines during nonevent periods.
Gross profit fell 8% to $91.67 million, with the margin contracting 70 basis points to 34.9%. Adjusted EPS of 54 cents <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beat the consensus estimate of 43 cents.</a>
Selling, general and administrative expenses fell 2.6% Y/Y to $77.6 million. The operating margin compressed from 7.1% to 5.3%, and operating income for the quarter declined 29% to $14 million.
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At the end of fiscal 2024, the company had approximately&nbsp;$123.1 million&nbsp;of cash, cash equivalents and marketable securities, an increase of&nbsp;$11.9 million&nbsp;compared to prior year.&nbsp;Operating cash flow for twelve months totaled $102.6 million.
As of March 20, 2025, the company operated 431 stores, with 346 Shoe Carnival stores, 57 Shoe Station stores and 28 Rogan&#8217;s stores.
In March 2025, the company&#8217;s Board of Directors approved an 11.1% dividend increase to 15.0 cents per share, payable on April 21, to shareholders of record as of the close of business on April 7.&nbsp;
As of March 20, 2025, the company has $50 million available for future repurchases under its share repurchase program. During fiscal 2024, the company did not repurchase any shares.
Growth Strategy: Shoe Carnival said it has been evaluating customer analytics and market data and developing strategies to expand Shoe Station since acquiring the chain in December 2021.
Today, the company announced a new long-term strategy to scale up Shoe Station rapidly. The first investment phase is to rebanner 175 stores to the Shoe Station banner over the next 24 months.
During fiscal 2025, the Company expects to rebanner between 50 to 75 Shoe Carnival stores to Shoe Station stores. The company expects the first-year investment to result in an approximate&nbsp;$0.65&nbsp;decline in fiscal 2025 EPS.&nbsp;
In fiscal 2027,&nbsp;the company expects that net sales from these rebannered stores to be over&nbsp;10% higher and profit contribution to increase over&nbsp;20%&nbsp;compared to the stores before being rebannered.
Outlook: Shoe Carnival sees FY25 EPS of $1.60 – $2.10, including the rebanner strategy&#8217;s initial year costs, versus the consensus of $3.32.
Shoe Carnival sees FY25 net sales of $1.15 billion – $1.23 billion versus an estimate of $1.24 billion. This<a href="https://www.benzinga.com/calendars/guidance"> represents a range of down 4% to up 2% versus fiscal 2024.</a>
The company expects FY25 capital expenditure of $45 million &#8211; $50 million.
Price Action: SCVL shares traded lower by 1.28% at $22.36 in premarket at last check Thursday.
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Photo via Shutterstock.

Earnings

News

Guidance

Movers

General

SCVL

Shoe Carnival Q4 Earnings: Sales Miss & EPS Beat, New Shoe Station Strategy, Gloomy Outlook And More

Shoe Carnival Sees FY25 EPS Of $1.60 - $2.10 Vs. $3.32 Est.

Shoe Carnival Sees FY25 Revenue Of $1.15B - $1.23B Vs. $1.24B Est.

Dividends

Shoe Carnival Board of Directors Approve 11.1% Increase In Quarterly Dividend To $0.15

Shoe Carnival (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) reported quarterly earnings of $0.54 per share which beat the analyst consensus estimate of $0.43 by 25.58 percent. This is a 8.47 percent decrease over earnings of $0.59 per share from the same period last year. The company reported quarterly sales of $262.94 million which missed the analyst consensus estimate of $274.21 million by 4.11 percent. This is a 6.15 percent decrease over sales of $280.17 million the same period last year.

Earnings Beats

Earnings Misses

Shoe Carnival Q4 Adj $0.54 Beats $0.43 Estimate, Sales $262.94M Miss $274.21M Estimate

<h3>Companies Reporting Before The Bell</h3>
• Star Equity Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRR#NASDAQ">STRR</a>) is projected to report quarterly loss at $0.17 per share on revenue of $14.00 million. 
• Academy Sports (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASO#NASDAQ">ASO</a>) is expected to report quarterly earnings at $1.82 per share on revenue of $1.68 billion. 
• Jabil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) is estimated to report quarterly earnings at $1.83 per share on revenue of $6.40 billion. 
• Mogo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOGO#NASDAQ">MOGO</a>) is likely to report quarterly loss at $0.08 per share on revenue of $12.77 million. 
• Cognition Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGTX#NASDAQ">CGTX</a>) is expected to report earnings for its fourth quarter. 
• Alarum Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAR#NASDAQ">ALAR</a>) is likely to report quarterly earnings at $0.02 per share on revenue of $7.48 million. 
• InflaRx (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IFRX#NASDAQ">IFRX</a>) is estimated to report quarterly loss at $0.28 per share on revenue of $125 thousand. 
• Beasley Broadcast Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBGI#NASDAQ">BBGI</a>) is likely to report earnings for its fourth quarter. 
• Adaptimmune Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADAP#NASDAQ">ADAP</a>) is estimated to report quarterly loss at $0.15 per share on revenue of $8.42 million. 
• Monte Rosa Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLUE#NASDAQ">GLUE</a>) is projected to report quarterly loss at $0.37 per share on revenue of $12.79 million. 
• Bragg Gaming Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRAG#NASDAQ">BRAG</a>) is estimated to report earnings for its fourth quarter. 
• Autolus Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUTL#NASDAQ">AUTL</a>) is likely to report quarterly loss at $0.24 per share on revenue of $2.98 million. 
• Darden Restaurants (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) is estimated to report quarterly earnings at $2.79 per share on revenue of $3.22 billion. 
• FactSet Research Systems (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>) is likely to report quarterly earnings at $4.18 per share on revenue of $570.67 million. 
• Gambling.com Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GAMB#NASDAQ">GAMB</a>) is likely to report quarterly earnings at $0.24 per share on revenue of $35.14 million. 
• Destination XL Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXLG#NASDAQ">DXLG</a>) is likely to report quarterly earnings at $0.03 per share on revenue of $120.93 million. 
• Titan Machinery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TITN#NASDAQ">TITN</a>) is estimated to report quarterly loss at $0.63 per share on revenue of $728.55 million. 
• Designer Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBI#NYSE">DBI</a>) is estimated to report quarterly loss at $0.49 per share on revenue of $719.32 million. 
• Caleres (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAL#NYSE">CAL</a>) is expected to report quarterly earnings at $0.26 per share on revenue of $646.05 million. 
• NeueHealth (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEUE#NYSE">NEUE</a>) is likely to report quarterly loss at $3.99 per share on revenue of $261.80 million. 
• Commercial Metals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) is estimated to report quarterly earnings at $0.30 per share on revenue of $1.75 billion. 
• Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) is expected to report quarterly earnings at $2.81 per share on revenue of $16.61 billion. 
• ARS Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPRY#NASDAQ">SPRY</a>) is expected to report quarterly loss at $0.12 per share on revenue of $15.90 million. 
• ZEEKR Intelligent Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZK#NYSE">ZK</a>) is projected to report earnings for its fourth quarter. 
• Shoe Carnival (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) is estimated to report quarterly earnings at $0.44 per share on revenue of $275.92 million. 
• 111 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YI#NASDAQ">YI</a>) is expected to report earnings for its fourth quarter. 
• Rockwell Medical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMTI#NASDAQ">RMTI</a>) is estimated to report quarterly earnings at $0.02 per share on revenue of $22.61 million. 
• VEON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEON#NASDAQ">VEON</a>) is expected to report quarterly earnings at $0.77 per share on revenue of $997.00 million. 
• Valneva (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VALN#NASDAQ">VALN</a>) is estimated to report quarterly loss at $0.22 per share on revenue of $56.43 million. 
• H World Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTHT#NASDAQ">HTHT</a>) is projected to report quarterly earnings at $0.27 per share on revenue of $798.17 million. 
• 22nd Century Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XXII#NASDAQ">XXII</a>) is estimated to report earnings for its fourth quarter. 
• Twin Vee PowerCats (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEEE#NASDAQ">VEEE</a>) is projected to report earnings for its fourth quarter. 
• PDD Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) is likely to report quarterly earnings at $2.56 per share on revenue of $15.68 billion. 
• Yiren Digital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YRD#NYSE">YRD</a>) is likely to report earnings for its fourth quarter. 
• Neuraxis (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NRXS#AMEX">NRXS</a>) is likely to report earnings for its fourth quarter. 
• SPDR Select Sector Fund - Consumer Discretionary (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) is projected to report earnings for its fourth quarter. 
• Baozun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BZUN#NASDAQ">BZUN</a>) is expected to report earnings for its fourth quarter. 
• Lands' End (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LE#NASDAQ">LE</a>) is expected to report quarterly earnings at $0.57 per share on revenue of $458.69 million. 
<h3>Companies Reporting After The Bell</h3>
• Nike (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) is likely to report quarterly earnings at $0.29 per share on revenue of $11.01 billion. 
• FedEx (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) is likely to report quarterly earnings at $4.54 per share on revenue of $21.89 billion. 
• Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) is expected to report quarterly earnings at $1.42 per share on revenue of $7.89 billion. 
• United States Antimony (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/UAMY#AMEX">UAMY</a>) is estimated to report earnings for its fourth quarter. 
• SANUWAVE Health (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNWV#NASDAQ">SNWV</a>) is projected to report earnings for its fourth quarter. 
• Motorsport Games (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSGM#NASDAQ">MSGM</a>) is projected to report quarterly loss at $0.48 per share on revenue of $3.30 million. 
• Skye Bioscience (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYE#NASDAQ">SKYE</a>) is projected to report earnings for its fourth quarter. 
• Quantum Computing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) is expected to report quarterly loss at $0.05 per share on revenue of $200 thousand. 
• Intellicheck (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDN#NASDAQ">IDN</a>) is likely to report quarterly loss at $0.01 per share on revenue of $5.07 million. 
• Vaxart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VXRT#NASDAQ">VXRT</a>) is likely to report quarterly loss at $0.11 per share on revenue of $15.68 million. 
• Flux Power Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLUX#NASDAQ">FLUX</a>) is estimated to report quarterly loss at $0.09 per share on revenue of $14.50 million. 
• Cibus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBUS#NASDAQ">CBUS</a>) is likely to report quarterly loss at $0.85 per share on revenue of $1.75 million. 
• Tenon Medical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TNON#NASDAQ">TNON</a>) is expected to report quarterly loss at $3.77 per share on revenue of $901 thousand. 
• Amprius Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPX#NYSE">AMPX</a>) is estimated to report quarterly loss at $0.10 per share on revenue of $7.14 million. 
• Torrid Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CURV#NYSE">CURV</a>) is projected to report quarterly loss at $0.07 per share on revenue of $263.00 million. 
• Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) is expected to report quarterly earnings at $1.73 per share on revenue of $7.44 billion. 
• Scholastic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCHL#NASDAQ">SCHL</a>) is projected to report quarterly loss at $0.78 per share on revenue of $347.68 million. 
• Arcadia Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKDA#NASDAQ">RKDA</a>) is projected to report quarterly loss at $0.50 per share on revenue of $1.15 million. 
• Macrogenics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGNX#NASDAQ">MGNX</a>) is estimated to report quarterly loss at $0.66 per share on revenue of $30.93 million. 
• TELA Bio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TELA#NASDAQ">TELA</a>) is likely to report quarterly loss at $0.22 per share on revenue of $23.26 million. 
• Ouster (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OUST#NASDAQ">OUST</a>) is likely to report quarterly loss at $0.26 per share on revenue of $30.00 million. 
• Luminar Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAZR#NASDAQ">LAZR</a>) is projected to report quarterly loss at $0.15 per share on revenue of $17.43 million. 
• Planet Labs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PL#NYSE">PL</a>) is expected to report quarterly loss at $0.02 per share on revenue of $62.20 million. 
• KinderCare Learning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KLC#NYSE">KLC</a>) is estimated to report quarterly earnings at $0.05 per share on revenue of $645.37 million. 
• Runway Gwth Fin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RWAY#NASDAQ">RWAY</a>) is likely to report quarterly earnings at $0.41 per share on revenue of $36.19 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Select Sector SPDR-Consumer Discretionary

XXII

Earnings Scheduled For March 20, 2025

Shoe Carnival Increased Quarterly Cash Dividend From $0.135 To $0.15

Insider activity is a little lower than normal for this time of year. We usually see a flurry of buying near the end of the year as insiders bulk up their holdings in anticipation of strong results over the next year. This has not happened this year.
The ratio of insider selling to insider buying is at very high levels, as insider selling has been somewhat elevated. Although we rarely take signals from individual insider sales, the buying and selling activity ratio can usually be informative. At the moment, it is at a level that has often led to technical conditions I like to call &#8220;Market Fall Down, Go Boom.&#8221; That is not surprising given the strong rally this year encouraging insiders to take some profits.
That does not mean stocks will fall tomorrow. It means that caution and common sense should be your guide as you enter 2025.
While far more insiders have been selling than buying the past few weeks, some buying comes from the C-Suite that is worth discussing. The Chairman of Shoe Carnival (Ticker: SCVL), Warren Weaver, and his wife made a huge purchase of stock this past week, adding almost $10 million worth of stock to their already large holdings. The happy couple now owns over 4 million shares, or about 15% of the footwear retailer.
The retailer has been around since 1978 and is known for its entertaining shopping experience that includes interactive games that allow shoppers to win discounts and merchandise as prizes. The chain has grown to more than 370 stores across the United States and offers most major brands of athletic and casual shoes.
The market does not love the company right now as it fell short of revenue expectations, but this appears to be an overreaction. Although the results were impacted by the hurricanes that hit the southeastern United States and the slow back-to-school season, it was still able to meet Wall Street&#8217;s profit expectations. The stock is trading at low valuations of sales and profits despite strong growth expectations over the next several years.
In addition to the buying from the Chairman, the board decided to take advantage of the weakness in the stock as well. The company recently announced a $50 million stock buyback plan.
The CEO and the Chief Technical Officer at LendingTree (Ticker: TREE) have both made six-figure open-market stock purchases this month. LendingTree is a game-changer in the world of personal finance. Founded in 1996, this online platform revolutionized the way borrowers connect with lenders. Instead of going door-to-door or settling for whatever terms your local bank offers, LendingTree puts the power back in the hands of consumers. It&#8217;s a marketplace where you can shop for everything from personal loans and mortgages to credit cards and student loans without leaving your couch.
Here&#8217;s the beauty of their model: it&#8217;s all about choice and competition. LendingTree partners with a network of banks, credit unions, and alternative lenders to make them fight for your business. That means better rates, better terms, and much less hassle. And the best part? It&#8217;s free for consumers. The company makes money by charging lenders for access to this steady stream of motivated borrowers.
LendingTree doesn&#8217;t just stop at matchmaking. They offer calculators, tools, and financial education resources to ensure you&#8217;re making smart decisions with your money. Based in Charlotte, North Carolina, they&#8217;ve grown into one of the most trusted names in fintech by keeping their focus on simplicity, transparency, and, most importantly, the needs of the consumer.
The stock has pulled back well off the 52-week highs, but the people in the company appear quite confident the shares will resume their winning ways in 2025.
Both the CEO and CFO have taken advantage of the recent weakness in shares of Avadel Pharmaceuticals (Ticker: AVDL). Avadel Pharmaceuticals is a specialty pharmaceutical company focused on developing and commercializing innovative products that address unmet medical needs. The company operates primarily in central nervous system (CNS) disorders and rare diseases. Avadel is best known for its flagship product, LUMRYZ, a once-nightly sodium oxybate formulation designed to treat excessive daytime sleepiness (EDS) and cataplexy in adults with narcolepsy.
Headquartered in Dublin, Ireland, Avadel leverages its proprietary drug delivery technologies to enhance existing therapies. These technologies aim to improve the pharmacokinetics, efficacy, and patient experience of medications, particularly in therapeutic areas where frequent dosing regimens or poor patient adherence are barriers to optimal care.
A wave of bad news including the resignation of the Chief Commercial Officer has sent the shares tumbling toward the 52-week low. The two top executives and at least one director are confident that the shares will recover from the decline and move higher.
There are some solid reasons to think they are correct. Avadel Pharmaceuticals is starting to hit its stride, and the numbers from the third quarter of 2024 tell the story. This company is laser-focused on LUMRYZ, and it&#8217;s paying off. With $50 million in net product revenue for the quarter, a massive leap from just $7 million in the same period last year, Avadel has captured the market&#8217;s attention.
There&#8217;s also been a major legal win. Jazz Pharmaceuticals tried to throw a wrench into the works, suing the FDA over its approval of LUMRYZ, but the U.S. District Court sided with Avadel. The approval stands, and the FDA&#8217;s determination that LUMRYZ is clinically superior to Jazz&#8217;s twice-nightly products remains intact. Add in Orphan Drug Exclusivity until 2031, and you&#8217;ve got a strong moat around this revenue stream.
Financially, the story keeps improving. Gross profit surged to $43.9 million from $6.9 million last year. Avadel ended the quarter with $65.8 million in cash, and while it opted not to draw on additional financing, its balance sheet still looks solid.
The growth trajectory is clear, and with Orphan Drug Exclusivity providing long-term protection, Avadel is building a business with real staying power. The CEO and CFO appear to think so and are backing their conviction with cash.

Opinion

Avadel Pharmaceuticals plc - American Depositary Shares each representing one Ordinary Share

AVDL

TREE

C-Suite Buy of the Week: Unusual Insider Trading Trends as 2025 Approaches

Shoe Carnival, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) (the "Company"), a leading retailer of footwear and accessories for the family, announced today that its Board of Directors approved the payment of a quarterly cash dividend of $0.135 per share to be paid on January 27, 2025, to shareholders of record as of the close of business on January 13, 2025.
Additionally, its Board of Directors authorized a new share repurchase program for up to $50 million of its outstanding common stock, effective January 1, 2025. The new share repurchase program will replace an existing $50 million share repurchase program that was authorized on December 14, 2023, and will expire in accordance with its terms on December 31, 2024. Additional purchases may be made under the existing share repurchase program prior to its expiration.

Buybacks

Shoe Carnival Board Approved New $50M Share Buyback Program

On December 9, a substantial insider purchase was made by Delores B Weaver, 10% Owner at Shoe Carnival (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>), as per the latest SEC filing.
What Happened: Weaver's recent move, as outlined in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000895447/000089544724000049//Archives/edgar/data/895447/000089544724000049/0000895447-24-000049-index.htm">U.S. Securities and Exchange Commission</a> on Monday, involves purchasing 285,500 shares of Shoe Carnival. The total transaction value is $9,681,304.
At Tuesday morning, Shoe Carnival shares are up by 5.59%, trading at $36.1.
<h3>Discovering Shoe Carnival: A Closer Look</h3>
Shoe Carnival Inc is a family footwear retailer that offers a broad assortment of dress, casual and athletic footwear for men, women, and children with an emphasis on national name brands such as Nike, Skechers, Adidas, Puma, HEYDUDE, Converse, Vans, and Crocs. They operate their business as one reportable segment based on the similar nature of products sold; merchandising, distribution, and marketing processes involved; target customers; and economic characteristics of our stores and e-commerce platforms. Its bricks-first, omnichannel approach provides customers easy access to a wide assortment of branded footwear for work, athletics, daily activities, and special events via a choice of delivery channel.
<h3>Key Indicators: Shoe Carnival's Financial Health</h3>
Decline in Revenue: Over the 3 months period, Shoe Carnival faced challenges, resulting in a decline of approximately -4.07% in revenue growth as of 31 October, 2024. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: The company faces challenges with a low gross margin of 35.97%, suggesting potential difficulties in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Shoe Carnival's EPS is below the industry average. The company faced challenges with a current EPS of 0.71. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.59.
Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 12.57 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 0.77, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 9.25 is below the industry average, indicating that it may be relatively undervalued compared to peers.
</li>
</ul>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
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<h3>Uncovering the Importance of Insider Activity</h3>
Insider transactions contribute to decision-making but should be supplemented by a comprehensive investment analysis.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Transaction Codes Worth Your Attention</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates grant, award or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000895447">Check Out The Full List Of Shoe Carnival's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Trading Ideas

Eye On Growth: Delores B Weaver Adds $9.68M Of Shoe Carnival Stock To Portfolio

<h3>Gainers</h3>
<ul>
<li>Jeffs Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JFBR#NASDAQ">JFBR</a>) stock increased by 38.6% to $3.19 during Friday's pre-market session. The company's market cap stands at $2.2 million. </li>
<li>Petco Health and Wellness (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>) stock moved upwards by 22.44% to $6.0. The market value of their outstanding shares is at $1.6 billion. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Color Star Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADD#NASDAQ">ADD</a>) shares rose 18.75% to $4.59. The market value of their outstanding shares is at $2.8 million. </li>
<li>American Outdoor Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AOUT#NASDAQ">AOUT</a>) stock moved upwards by 12.01% to $12.21. The market value of their outstanding shares is at $156.7 million. The company's, Q2 earnings came out yesterday. </li>
<li>Lululemon Athletica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) shares moved upwards by 10.19% to $379.97. The market value of their outstanding shares is at $46.6 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Zumiez (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZUMZ#NASDAQ">ZUMZ</a>) stock increased by 9.17% to $22.01. The company's market cap stands at $421.3 million. As per the news, the Q3 earnings report came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Smith &amp; Wesson Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWBI#NASDAQ">SWBI</a>) stock declined by 16.7% to $11.35 during Friday's pre-market session. The company's market cap stands at $509.0 million. As per the news, the Q2 earnings report came out yesterday. </li>
<li>Latham Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWIM#NASDAQ">SWIM</a>) stock fell 15.89% to $5.4. The market value of their outstanding shares is at $624.3 million. </li>
<li>United Homes Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UHG#NASDAQ">UHG</a>) stock fell 15.74% to $5.14. The company's market cap stands at $248.8 million. </li>
<li>EpicQuest Education Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EEIQ#NASDAQ">EEIQ</a>) shares decreased by 8.92% to $0.92. The company's market cap stands at $11.9 million. </li>
<li>GigaCloud Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GCT#NASDAQ">GCT</a>) shares declined by 8.7% to $22.15. The market value of their outstanding shares is at $907.5 million. </li>
<li>Shoe Carnival (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) shares fell 8.23% to $30.0. The market value of their outstanding shares is at $814.7 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AOUT

EEIQ

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LULU

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WOOF

ZUMZ

12 Consumer Discretionary Stocks Moving In Friday's Pre-Market Session

Shoe Carnival, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) reported third-quarter adjusted earnings per share of 71 cents, beating the street view of 67 cents.
Quarterly sales of $306.89 million missed<a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b42107205/shoe-carnival-reports-third-quarter-fiscal-2024-results" rel="noreferrer noopener"> the analyst consensus estimate of $316.95 million.</a>
Quarterly sales reflected the impact of the retail calendar shift that resulted in approximately $20 million of net sales moving out of the third quarter of 2024 compared to the prior year.
Without the impact of the retail calendar shift, net sales increased by 2.2% versus the prior year.
&#8220;Our flexible digital-first marketing campaign and great brand assortment drove demand during this peak shopping period and profitability in line with expectations for the third quarter,&#8221; said Mark Worden, President and Chief Executive Officer.
Comparable store net sales dropped 4.1% for the quarter, impacted by two hurricanes disrupting operations and warm weather delaying winter boot sales.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/11/42107863/us-futures-head-lower-as-nvidia-reports-slowdown-in-quarterly-revenue-growth-expert-says-market-weakness-is-perfectly-normal-but-late-november-is-still-possible" rel="noreferrer noopener">US Futures Head Lower As Nvidia Earnings Fail To Impress Investors: Expert Says Market Weakness Is &#8216;Perfectly Normal,&#8217; But Late November Rally Is Still Possible</a>
Gross profit margin for the quarter was 36.0%, marking the 15th consecutive quarter above 35%, but was 80 basis points lower than last year.
The company continues to expect Rogan&#8217;s acquisition to deliver net sales of over $80 million in fiscal 2024, with $22.3 million of net sales in the third quarter of 2024 and $63.9 million year-to-date in 2024.
As of November 21, the company operated 431 stores, with 361 Shoe Carnival stores, 42 Shoe Station stores and the 28 Rogan&#8217;s locations. One new Shoe Station store opened in third quarter was in Tennessee, expanding this banner into a new market.
At the end of third quarter, the company had approximately $91.1 million of cash, cash equivalents and marketable securities.
Outlook: Shoe Carnival lowered its FY24 net sales outlook to $1.20 billion &#8211; $1.23 billion (estimate: $1.23 billion), down from the previously expected $1.23 billion &#8211; $1.25 billion, but maintains adjusted EPS guidance of <a href="https://www.benzinga.com/calendars/guidance">$2.60 &#8211; $2.75 (estimate: $2.63).</a>
Price Action: SCVL shares are trading higher by 1.25% to $33.89 premarket at last check Thursday.
Read Next:
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<li><a href="https://www.benzinga.com/tech/24/11/42105079/googles-unlawful-behavior-stifles-market-entry-for-rivals-doj-says-alphabet-must-sell-chrome-to-end-search-monopoly" target="_blank" rel="noreferrer noopener">Target Says Shoppers Wait For &#8216;Deals&#8217; A Day After Rival Walmart Credits Market Gains To Wealthy Households</a></li>
</ul>

Equities

Markets

Shoe Carnival Q3: EPS Win But Sales Slip Amid Calendar Shifts And Weather Woes

Shoe Carnival Lowers FY24 Net Sales Outlook: Sees Revenues Of $1.20B-$1.23B Vs $1.23B Estimate (Prior View:  $1.23B-$1.25B); Company Reiterates FY24 Adjusted EPS Outlook Of $2.60-$2.75 Vs. $2.63 Estimate

Shoe Carnival (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) reported quarterly earnings of $0.71 per share which beat the analyst consensus estimate of $0.67 by 5.97 percent. The company reported quarterly sales of $306.885 million which missed the analyst consensus estimate of $316.950 million by 3.18 percent. This is a 4.07 percent decrease over sales of $319.914 million the same period last year.

Shoe Carnival Q3 2024 Adj. EPS $0.71 Beats $0.67 Estimate, Sales $306.885M Miss $316.950M Estimate

<h3>Companies Reporting Before The Bell</h3>
• Vestis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSTS#NYSE">VSTS</a>) is likely to report quarterly earnings at $0.13 per share on revenue of $690.99 million. 
• Nano X Imaging (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNOX#NASDAQ">NNOX</a>) is expected to report quarterly loss at $0.15 per share on revenue of $3.53 million. 
• Warner Music Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WMG#NASDAQ">WMG</a>) is estimated to report quarterly earnings at $0.31 per share on revenue of $1.60 billion. 
• Construction Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROAD#NASDAQ">ROAD</a>) is estimated to report quarterly earnings at $0.57 per share on revenue of $538.05 million. 
• Cerence (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRNC#NASDAQ">CRNC</a>) is projected to report quarterly loss at $0.38 per share on revenue of $47.65 million. 
• BJ's Wholesale Club (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>) is projected to report quarterly earnings at $0.93 per share on revenue of $5.11 billion. 
• Ituran Location &amp; Control (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRN#NASDAQ">ITRN</a>) is projected to report quarterly earnings at $0.66 per share on revenue of $85.44 million. 
• Baozun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BZUN#NASDAQ">BZUN</a>) is projected to report earnings for its third quarter. 
• Shoe Carnival (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) is likely to report quarterly earnings at $0.65 per share on revenue of $316.23 million. 
• Atkore (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATKR#NYSE">ATKR</a>) is projected to report quarterly earnings at $2.47 per share on revenue of $748.32 million. 
• iQIYI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IQ#NASDAQ">IQ</a>) is likely to report quarterly earnings at $0.04 per share on revenue of $1.02 billion. 
• GreenTree Hospitality Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GHG#NYSE">GHG</a>) is likely to report earnings for its third quarter. 
• PDD Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) is projected to report quarterly earnings at $2.82 per share on revenue of $14.47 billion. 
• Deere (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>) is projected to report quarterly earnings at $3.87 per share on revenue of $9.35 billion. 
• KE Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEKE#NYSE">BEKE</a>) is expected to report quarterly earnings at $0.21 per share on revenue of $3.23 billion. 
• Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) is expected to report quarterly earnings at $2.35 per share on revenue of $4.69 billion. 
• Yunji (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YJ#NASDAQ">YJ</a>) is likely to report earnings for its third quarter. 
• Evogene (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGN#NASDAQ">EVGN</a>) is projected to report quarterly loss at $1.01 per share on revenue of $2.85 million. 
• Lotus Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOT#NASDAQ">LOT</a>) is expected to report earnings for its third quarter. 
• RealReal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REAL#NASDAQ">REAL</a>) is projected to report earnings for its fourth quarter. 
<h3>Companies Reporting After The Bell</h3>
• Copart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>) is estimated to report quarterly earnings at $0.37 per share on revenue of $1.10 billion. 
• UGI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UGI#NYSE">UGI</a>) is likely to report quarterly loss at $0.29 per share on revenue of $1.65 billion. 
• Matthews International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MATW#NASDAQ">MATW</a>) is likely to report quarterly earnings at $0.38 per share on revenue of $440.46 million. 
• Gap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GAP#NYSE">GAP</a>) is projected to report quarterly earnings at $0.58 per share on revenue of $3.81 billion. 
• Logility Supply Chain (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGTY#NASDAQ">LGTY</a>) is projected to report quarterly earnings at $0.09 per share on revenue of $25.93 million. 
• Elastic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>) is estimated to report quarterly earnings at $0.38 per share on revenue of $354.28 million. 
• Ross Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) is estimated to report quarterly earnings at $1.40 per share on revenue of $5.15 billion. 
• NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) is estimated to report quarterly earnings at $1.78 per share on revenue of $1.64 billion. 
• Intuit (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) is estimated to report quarterly earnings at $2.36 per share on revenue of $3.14 billion. 
• Geospace Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEOS#NASDAQ">GEOS</a>) is projected to report earnings for its fourth quarter. 
• Natural Grocers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGVC#NYSE">NGVC</a>) is expected to report earnings for its fourth quarter. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For November 21, 2024

Shoe Carnival (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) is gearing up to announce its quarterly earnings on Thursday, 2024-11-21. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Shoe Carnival will report an earnings per share (EPS) of $0.65.
Anticipation surrounds Shoe Carnival's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Historical Earnings Performance</h3>
In the previous earnings release, the company missed EPS by $0.00, leading to a 1.13% drop in the share price the following trading session.
Here's a look at Shoe Carnival's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.83</td>
<td>0.59</td>
<td>0.59</td>
<td>1.01</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.83</td>
<td>0.64</td>
<td>0.59</td>
<td>0.80</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-1.0%</td>
<td>2.0%</td>
<td>2.0%</td>
<td>8.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1732118496_0.png" alt="eps graph" />
<h3>Performance of Shoe Carnival Shares</h3>
Shares of Shoe Carnival were trading at $33.67 as of November 19. Over the last 52-week period, shares are up 42.29%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Opinions on Shoe Carnival</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Shoe Carnival.
With 1 analyst ratings, Shoe Carnival has a consensus rating of Buy. The average one-year price target is $51.0, indicating a potential 51.47% upside.
<h3>Peer Ratings Comparison</h3>
The analysis below examines the analyst ratings and average 1-year price targets of Guess and Caleres, three significant industry players, providing valuable insights into their relative performance expectations and market positioning.
<ul>
<li>Guess is maintaining an Buy status according to analysts, with an average 1-year price target of $28.0, indicating a potential 16.84% downside.</li>
<li>Analysts currently favor an Neutral trajectory for Caleres, with an average 1-year price target of $37.5, suggesting a potential 11.38% upside.</li>
</ul>
<h3>Summary of Peers Analysis</h3>
The peer analysis summary outlines pivotal metrics for Guess and Caleres, demonstrating their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Shoe Carnival</td>
<td>Buy</td>
<td>12.93%</td>
<td>$119.94M</td>
<td>3.71%</td>
</tr>
<tr>
<td>Guess</td>
<td>Buy</td>
<td>10.24%</td>
<td>$319.94M</td>
<td>-2.04%</td>
</tr>
<tr>
<td>Caleres</td>
<td>Neutral</td>
<td>-1.76%</td>
<td>$310.88M</td>
<td>4.91%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Shoe Carnival ranks highest in revenue growth among its peers. It has the lowest gross profit margin. Its return on equity is in the middle compared to its peers.
<h3>All You Need to Know About Shoe Carnival</h3>
Shoe Carnival Inc is a family footwear retailer that offers a broad assortment of dress, casual and athletic footwear for men, women, and children with an emphasis on national name brands such as Nike, Skechers, Adidas, Puma, HEYDUDE, Converse, Vans, and Crocs. They operate their business as one reportable segment based on the similar nature of products sold; merchandising, distribution, and marketing processes involved; target customers; and economic characteristics of our stores and e-commerce platforms. Its bricks-first, omnichannel approach provides customers easy access to a wide assortment of branded footwear for work, athletics, daily activities, and special events via a choice of delivery channel.
<h3>Shoe Carnival's Economic Impact: An Analysis</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Shoe Carnival's revenue growth over a period of 3 months has been noteworthy. As of 31 July, 2024, the company achieved a revenue growth rate of approximately 12.93%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: Shoe Carnival's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 6.78% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Shoe Carnival's ROE stands out, surpassing industry averages. With an impressive ROE of 3.71%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.04%, the company showcases effective utilization of assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.58.
<a href="https://www.benzinga.com/quote/SCVL/earnings">To track all earnings releases for Shoe Carnival visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insights into Shoe Carnival's Upcoming Earnings

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Shares of apparel-related stocks are trading lower possibly amid overall market weakness. Also, the sector could be pulling back from Friday's rally after the dockworkers reached a tentative deal to suspend their strike.

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- &quot;buy low and sell high.&quot; Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by &quot;buying high and selling higher.&quot;
Everyone likes betting on fast-moving trending stocks, but it isn&#39;t easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase, investors find themselves invested in shares that have limited to no upside or even a downside. So, betting on a stock just by looking at the traditional momentum parameters could be risky at times.
A safer approach could be investing in bargain stocks with recent price momentum. While the Zacks Momentum Style Score&nbsp;helps identify great momentum stocks by paying close attention to trends in a stock&#39;s price or earnings, our &#39;Fast-Paced Momentum at a Bargain&#39; screen comes handy in spotting fast-moving stocks that are still attractively priced.
There are several stocks that currently pass through the screen and Shoe Carnival (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/scvl#NASDAQ">SCVL</a>) is one of them. Here are the key reasons why this stock is a great candidate.
Investors&#39; growing interest in a stock is reflected in its recent price increase. A price change of 0.5% over the past four weeks positions the stock of this footwear retailer well in this regard.
While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. SCVL meets this criterion too, as the stock gained 9.9% over the past 12 weeks.
Moreover, the momentum for SCVL is fast paced, as the stock currently has a beta of 1.53. This indicates that the stock moves 53% higher than the market in either direction.
Given this price performance, it is no surprise that SCVL has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.
In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped SCVL earn a Zacks Rank #2 (Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That&#39;s because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up.
Most importantly, despite possessing fast-paced momentum features, SCVL is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. SCVL is currently trading at 0.89 times its sales. In other words, investors need to pay only 89 cents for each dollar of sales.
So, SCVL appears to have plenty of room to run, and that too at a fast pace.
<a href="https://www.zacks.com/stock/news/2333829/why-fast-paced-mover-shoe-carnival-scvl-is-a-great-choice-for-value-investors?cid=CS-BENZ-FT-tale_of_the_tape|fast_paced_momentum_at_a_bargain-2333829">To read this article on Zacks.com click here.</a>

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Small Cap

Analyst Ratings

Why Fast-Paced Mover Shoe Carnival Is a Great Choice for Value Investors

U.S. stocks were mostly lower, with the Dow Jones index falling around 300 points on Thursday.
Shares of G-III Apparel Group, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GIII#NASDAQ">GIII</a>) rose sharply during Thursday's session after the company reported better-than-expected second-quarter adjusted EPS results and issued its FY25 guidance above estimates.
G-III Apparel Group reported second-quarter adjusted earnings per share of 52 cents, beating the analyst consensus of 27 cents. Quarterly revenues of $644.75 million (down 2%) missed the street view of $649.44 million.
G-III Apparel Group shares surged 23.6% to $30.95 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Applied Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) shares jumped 68.1% to $5.45 after the company entered agreements for a $160 million private placement financing priced at market, from a group of institutional and accredited investors including NVIDIA and Related Companies.</li>
<li>EchoStar Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>) gained 14.9% to $21.15.</li>
<li>Larimar Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRMR#NASDAQ">LRMR</a>) climbed 13.5% to $8.81.</li>
<li>Uniti Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UNIT#NASDAQ">UNIT</a>) rose 13.3% to $5.32.</li>
<li>Yext, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YEXT#NYSE">YEXT</a>) climbed 13% to $5.56 after the company reported better-than-expected second-quarter adjusted EPS results and issued FY25 revenue guidance above estimates. Also, Needham upgraded the stock from Hold to Buy and announced an $8 price target.</li>
<li>Perpetua Resources Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPTA#NASDAQ">PPTA</a>) rose 11.8% to $9.05 after the company announced the U.S. forest service has completed the final environmental impact statement and issued a draft record of decision authorizing the Stibnite gold project.</li>
<li>Vestis Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSTS#NYSE">VSTS</a>) gained 11.7% to $15.28 following a report suggesting Elis SA made an offer to buy the company.</li>
<li>WK Kellogg Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KLG#NYSE">KLG</a>) climbed 10.7% to $18.63.</li>
<li>NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) gained 10.4% to $4.6850 after the company reported second-quarter financial results and issued better-than-expected third-quarter outlook..</li>
<li>Shoe Carnival, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) rose 10% to $41.32 after the company reported better-than-expected second-quarter revenue results. Also, the company raised its FY24 guidance.</li>
<li>Primo Water Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRMW#NASDAQ">PRMW</a>) gained 9.4% to $23.92.</li>
<li>QuidelOrtho Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QDEL#NASDAQ">QDEL</a>) gained 8.5% to $43.79. Craig-Hallum analyst Alexander Nowak upgraded QuidelOrtho from Hold to Buy and raised the price target from $40 to $57.</li>
<li>Polestar Automotive Holding UK PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSNY#NASDAQ">PSNY</a>) gained 8.3% to $1.3095.</li>
<li>Myriad Genetics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYGN#NASDAQ">MYGN</a>) gained 7.9% to $27.36.</li>
<li>Zeta Global Holdings Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZETA#NYSE">ZETA</a>) gained 7.8% to $26.83. Zeta Global priced $204.9 million public offering of 13.2 million class A common shares at $23.50 per share.</li>
<li>Sotera Health Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHC#NASDAQ">SHC</a>) gained 7.7% to $16.59. The company announced a secondary offering of 25 million shares.</li>
<li>Dollar Tree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) rose 6.2% to $67.52. Dollar Tree, on Wednesday, reported worse-than-expected second-quarter 2024 earnings.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/news/earnings/24/09/40728954/how-to-earn-500-a-month-from-smith-wesson-brands-stock-ahead-of-q1-earnings-report">How To Earn $500 A Month From Smith &amp; Wesson Brands Stock Ahead Of Q1 Earnings Report</a></li>
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Intraday Update

APLD

DLTR

GIII

Larimar Therapeutics, Inc. - Common Stock

LRMR

MYGN

PPTA

PRMW

PSNY

QDEL

SATS

UNIT

YEXT

ZETA

G-III Apparel Posts Upbeat Results, Joins NIO, Yext, Shoe Carnival And Other Big Stocks Moving Higher On Thursday

Shoe Carnival, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) shares are<a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener"> trading higher on Thursday.</a>
The company reported that the second quarter adjusted earnings per share was 83 cents,<a href="https://www.benzinga.com/pressreleases/24/09/b40725518/shoe-carnival-reports-second-quarter-fiscal-2024-results" target="_blank" rel="noreferrer noopener"> in line with the street view</a>. Quarterly sales of $332.696 million (+12.9%) beat the analyst <a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">consensus of $330.05 million.</a>
&#8220;Our Back-to-School results were very strong with comparable sales growth achieved in August, driven by the children&#8217;s and athletic categories,&#8221; said Mark Worden, President and Chief Executive Officer.
Also Read: <a target="_blank" href="https://www.benzinga.com/economics/macro-economic-events/24/09/40728795/private-employment-grows-by-99-000-in-august-sharply-misses-forecasts-of-140-000-" rel="noreferrer noopener">Private Employment Grows By 99,000 In August, Sharply Misses Forecasts Of 140,000: &#8216;The Labor Market Overall Is Softening&#8217;</a>
In the second quarter of 2024, the company reported a 23.7% increase in adjusted operating income to $30.5 million, with net sales exceeding expectations due to double-digit growth at Shoe Station, improved trends at Shoe Carnival, and increased ecommerce sales.
Gross profit margin rose to 36.1%, marking the 14th consecutive quarter above 35%. Comparable store sales declined 2.1% but showed improvement from the first quarter.
Inventory increased to $425.5 million, influenced by Rogan&#8217;s acquisition but expected to be lower by 5% year-over-year by the fiscal year-end.
The company operated 430 stores as of September 5, and aims to surpass 500 stores by 2028 through organic growth and acquisitions.
Outlook: For the third quarter, Shoe Carnival expects net sales of approximately $320 million, slightly below the $321.5 million consensus, and GAAP EPS of 70 cents.
Shoe Carnival has revised its 2024 outlook, now expecting net sales of $1.23 billion to $1.25 billion versus the previous outlook of $1.21 billion to $1.25 billion <a href="https://www.benzinga.com/calendars/guidance">and against the $1.243 billion consensus.</a>
The company anticipates adjusted EPS of $2.60 to $2.75 in 2024, compared to the prior range of $2.55 to $2.75 and against the $2.74 consensus.
Comparable store sales are now expected to range from a decrease of 1.5 percent to an increase of 1 percent.
&#8220;Our long-term strategies to increase sales and drive profitability are working, and we are well positioned to further increase shareholder value and execute on our vision to be the nation&#8217;s leading family footwear retailer,&#8221; Worden added.
Price Action: SCVL shares are trading higher by 12.9% to $42.38 at last check Thursday.
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40718185/could-august-jobs-numbers-keep-recession-fears-at-bay-this-time-is-different-analys" target="_blank" rel="noreferrer noopener">Could August Jobs Numbers Keep Recession Fears At Bay? ‘This Time Is Different,' Analyst Says</a></li>
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Shoe Carnival Kicks Up Strong Q2 Sales, Beats Expectations Amid Retail Rollercoaster

Press Releases

Shoe Carnival Declares Quarterly Cash Dividend

Shoe Carnival to Report Second Quarter Financial Results on September 5, 2024

Shoe Carnival Reports Second Quarter Fiscal 2024 Results

Shoe Carnival to Report Third Quarter Financial Results on November 21, 2024

Shoe Carnival Reports Third Quarter Fiscal 2024 Results

Shoe Carnival Declares Quarterly Cash Dividend and Announces New $50 Million Share Repurchase Program

Shoe Carnival to Report Fourth Quarter and Fiscal Year 2024 Financial Results on March 20, 2025

Shoe Carnival Declares Increased Quarterly Cash Dividend

Shoe Carnival Reports Fourth Quarter and Fiscal 2024 Results

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