Footwear retailer Shoe Carnival Inc. (SCVL) Monday reported fourth-quarter net income of $3.21 million or $0.13 per share, down from $3.28 million or $0.16 per share last year.
Adjusted earnings for the quarter was $0.16 per share. On average, six analysts polled by Thomson Reuters expected earnings of $0.16 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the fourth quarter grew 13.1 percent to $205.7 million from $181.9 million last year. The recent fourth quarter comprised of 14 week while last year it was a 13-week quarter. The extra week sales contributed about $10.7 million. Analysts estimated sales of $210.05 million for the quarter.
Comparable store sales increased 0.5 percent from last year.
Gross margin advanced to 29.3 percent from 28.3 percent last year.
Looking forward to the first quarter, the company expects earnings of $0.36 to $0.44 per share, and sales of $226 million to $232 million. Analysts currently estimate earnings of $0.57 per share on revenues of $239.74 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.