Footwear retailer Shoe Carnival jumps after quarterly profit beat

Shoe Station

04/09/2025 13:38

** Footwear retailer Shoe Carnival's SCVL.O shares rise about 14% to $24.51 premarket

** Co beats quarterly profit estimates, reports adjusted EPS of 70 cents vs. estimates of 58 cents - data compiled by LSEG

** However, SCVL's Q2 net sales miss estimates mainly due to continued spending pressure among lower-income shoppers, which co defines as those earning $40,000 or less annually

** Slashes full-year sales forecast to a range of $1.12 billion to $1.15 billion, compared with prior range of $1.15 billion to $1.23 billion

** Up to last close, SCVL stock down ~35% YTD

 (Reporting by Anshi Sancheti)

 ((Anshi.Sancheti@thomsonreuters.com))