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

Shoe Carnival Inc (NASDAQ:SCVL) shares are trading lower in premarket on Thursday after the fourth-quarter earnings result.

The company reported a fourth-quarter sales 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 beat the consensus estimate of 43 cents.

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.

Also Read: NVIDIA And Elon Musk’s xAI Join BlackRock, Microsoft Led AI Infrastructure Partnership

At the end ...