Shoe Carnival, Inc. (SCVL) Wednesday said its Chief Executive Officer Mark Lemond is retiring for health reasons, effective October 27. Clifton Sifford will succeed Lemond as President and CEO, on a permanent basis.
Sifford will also assume the title of Chief Merchandising Officer. Meanwhile, Kerry Jackson, currently EVP, CFO and Treasurer, will assume the additional position of COO.
Looking ahead to the third quarter, the company reaffirmed its earnings outlook range of $0.55 to $0.60 per share.
Revenues are also expected to be in the range of $240 to $245 million, as given previously. Comparable store sales is expected to grow from 4 percent to 6 percent.
Analysts, based on consensus, currently expect the company to report third-quarter earnings of $0.58 per share on revenues of $242.49 million.
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