Shoe Carnival Inc. (SCVL) reported a profit for third quarter that Dropped, from last year
The company's bottom line totaled $14.646 million, or $0.53 per share. This compares with $19.242 million, or $0.70 per share, last year.
The company's revenue for the period fell 3.2% to $297.155 million from $306.885 million last year.
Shoe Carnival Inc. earnings at a glance (GAAP) :
-Earnings: $14.646 Mln. vs. $19.242 Mln. last year.-EPS: $0.53 vs. $0.70 last year.-Revenue: $297.155 Mln vs. $306.885 Mln last year.
The company estimates that its income per share included a negative impact of around $0.22 from re-banner investments in the third quarter and approximately $0.58 per share in the year-to-date period.
Looking ahead, for the full year, Shoe Carnival now expects net earnings of $1.80 to $2.10 per share, compared with the prior expectations of $1.70 to $2.10 per share.
For the full year, the company reaffirmed sales guidance of $1.12 billion to $1.15 billion.
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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.