Shoe Carnival rises after Q3 profit beat

Shoe Station

21/11/2024 15:44

** Shares of footwear retailer Shoe Carnival  SCVL.O  up as
much as 6.8% at $35.97, set for its best day since Sept 5, if
gains hold
    ** Co reports Q3 adjusted EPS of 71 cents, beating analysts'
estimates of 67 cents - data compiled by LSEG
    ** Reiterates annual adjusted EPS forecast of between $2.60
and $2.75 vs estimates of $2.63
    ** Sees annual net sales between $1.20 bln and $1.23 bln vs
prior forecast of $1.23 bln to $1.25 bln
    ** Posts Q3 net sales of $306.9 mln vs Street consensus of
$317 mln, due to impact of retail calendar shift resulting in
about $20 million of net sales moving out of Q3
    ** Including session moves, stock has risen ~15% YTD

 (Reporting by Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com;))