Shoe Carnival slips on FY forecast cut

Shoe Station

16/11/2022 15:26

** Shares of Shoe Carnival Inc  SCVL.O  fall as much as 11%
to one-month low of $21.78
    ** SCVL narrows FY EPS forecast range to $3.95 to $4.10, and
reduces sales guidance to $1.27 bln-$1.30 bln from $1.29
bln-$1.34 bln
    ** Q3 EPS of $1.18 beats Refinitiv consensus of $1.14, but
revenue misses
    ** Stock had lost 37.4% YTD through last close
 (Reporting by Ruhi Soni in Bengaluru)
 ((Ruhi.Soni@thomsonreuters.com
Twitter: https://twitter.com/ruhithere))