Earnings News
FONT-SIZE Plus   Neg

Shoe Carnival Q4 Profit Tops Estimates; Guides Q1 Above Consensus

Trade SCVL now with 

Shoe Carnival, Inc. (SCVL: Quote) reported fourth quarter net income of $3.3 million or $0.24 per share, down from last year's $4.4 million or $0.33 per share.

On average, 6 analysts polled by Thomson Reuters expected the company to earn $0.21 per share for the quarter. Analysts' estimates typically excludes one-time items.

Net sales for the quarter increased to $181.9 million from $179.9 million last year. Analysts expected revenues of $180.91 million for the quarter.

Comparable store sales decreased 3.0 percent from the year ago quarter.

Looking forward to the first quarter of fiscal 2012, the company expects to earn $0.75-$0.78 per share on net sales of $219 million to $222 million.

Analysts expect the company to earn $0.70 per share on revenues of $207.69 million in the first quarter of fiscal 2012.

Click here to receive FREE breaking news email alerts for Shoe Carnival Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

comments powered by Disqus
FREE Newsletters, Analysis & Alerts


Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.