Shoe Carnival Inc. (SCVL) revealed earnings for first quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings totaled $9.34 million, or $0.34 per share. This compares with $17.28 million, or $0.63 per share, last year.
Analysts on average had expected the company to earn $0.3 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 7.5% to $277.71 million from $300.36 million last year.
Shoe Carnival Inc. earnings at a glance (GAAP) :
-Earnings: $9.34 Mln. vs. $17.28 Mln. last year.-EPS: $0.34 vs. $0.63 last year.-Revenue: $277.71 Mln vs. $300.36 Mln last year.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.