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Shoe Carnival (SCVL +14.9%) soars after its FQ4 results surpass its revised guidance. Also...
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Thursday, March 22, 2012, 10:38 AM ETShoe Carnival (SCVL +14.9%) soars after its FQ4 results surpass its revised guidance. Also helping is its guidance for FQ1 revenue of $219M-$222M and EPS of $0.75-$0.78 (consensus is for $207.7M and $0.70) on the back of 5.5%-7% same-store sales growth. Sterne Agee is upgrading shares to Buy, arguing Shoe Carnival is benefiting from a "very strong athletic cycle," and is taking share from larger family footwear rivals.
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