Shoe Carnival Earnings: Everything You Must Know Now
Shoe Carnival Inc. (NASDAQ:SCVL) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Shoe Carnival Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share were the same at $0.16 in the quarter as EPS of $0.16 in the year-earlier quarter.
Revenue: Rose 13.06% to $205.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Shoe Carnival Inc. reported adjusted EPS income of $0.16 per share. By that measure, the company met the mean analyst estimate of $0.16. It missed the average revenue estimate of $210.05 million.
Quoting Management: “We were pleased with our ability to end 2012 having achieved record sales and earnings. This came during a period of accelerated growth and, as we previously announced, a fourth quarter where performance was below our expectations,” said Cliff Sifford, Shoe Carnival’s President and CEO. “In 2013 we will focus on key initiatives to drive our growth long-term, which include enhancing our branded offerings in our women’s dress and casual, adding 30 to 35 stores primarily in existing markets, leveraging our advertising in markets that are under penetrated with a re-energized marketing campaign and reinvesting in our existing store base with approximately 30 to 35 remodels and seven relocations.”
Key Stats (on next page)…