Shoe Carnival (SCVL) reported first quarter net income of $17.3 million, or $0.63 per share, compared to $16.5 million, or $0.60 per share, prior year. On an adjusted basis, excluding the $0.5 million of expenses in the quarter related to the acquisition of Rogan's, first quarter adjusted EPS was $0.64. Analysts polled by Thomson Reuters expected the company to report profit per share of $0.59, for the quarter. Analysts' estimates typically exclude special items.
Net sales rose 6.8 percent to $300.4 million. Comparable store sales for the thirteen-week period ended May 4, 2024, declined 3.4 percent. Analysts on average had estimated $294.54 million in revenue.
The company reiterated entire fiscal 2024 outlook, including net sales growth in a range of 4 percent to 6 percent and GAAP EPS in a range of $2.50 to $2.70 and adjusted EPS in a range of $2.55 to $2.75.
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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.