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Shoe Carnival Cuts Q4, FY12 Revenue Outlook - Quick Facts

Shoe Carnival Inc. (SCVL) said its expects fourth quarter earnings to be in the range of $0.20 to $0.22 per share and net sales in the range of $212 to $214 million. Previously, the company expected fourth quarter earnings to be in the range of $0.19 to $0.23 per share and net sales in the range of $215 to $220 million.

Analysts currently expect fourth quarter earnings of $0.21 per share and revenues of $216.92 million.

For fiscal 2012, the company expects earnings to be in the range of $1.48 to $1.50 per share and net sales in the range of $861 to $863 million. Previously, the company expected fiscal 2012 earnings to be in the range of $1.47 to $1.51 per share and net sales in the range of $864 to $869 million.

Analysts now expect fiscal 2012 earnings of $1.50 per share and net sales of $866.18 million.

by RTTNews Staff Writer

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