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Mon, Feb. 8, 11:22 AM
- NPD Group reports the U.S. athletic footwear industry grew 8% last year to $17.2B.
- Unit sales were up 3%, while the average selling price of a pair of athletic footwear rose over 5%.
- In an interesting category trend, running and basketball cooled off a bit, while casual accelerated. Hot demand for retro lifted growth in the classics category to 30% for the year.
- Looking ahead, NPD analyst Matt Powell expects growing interest in social fitness (class-based fitness, shared activities, Planet Fitness (NYSE:PLNT), SoulCycle (Pending:SOULC)) to help keep demand strong in athletic footwear.
- Related shoe stocks: DSW, SHOO, FINL, FL, UA, SCVL, UA, NKE, OTCQX:ADDYY, DECK, WWW, SKX.
Mon, Jan. 11, 9:05 AM
Dec. 11, 2015, 11:27 AM
- Shoe Carnival (SCVL +6.4%) is higher after Standpoint Research upgrades the retailer to a Buy rating after having the stock set at Hold.
- Shares trade near the mid-point of its 52-week range of $17.36 to $30.00. The forward price-to-earnings ratio on SCVL stands at 14.07, while the price-to-sales ratio of 0.48 ranks as one of the lowest in the apparel store sector.
Dec. 10, 2015, 4:46 PM| Dec. 10, 2015, 4:46 PM
Dec. 1, 2015, 2:35 PM
- Shoe Carnival (SCVL +12.3%) pops after Q3 results impress.
- The company reported a 6% increase in same-store sales.
- Per-store inventory was up a modest 0.3% during the period.
- The company expects to make up some sales of boots in Q4 after warmer weather in the fall held back demand.
- Previously: Shoe Carnival EPS in-line, beats on revenue (Nov. 30)
Nov. 30, 2015, 4:03 PM
Nov. 29, 2015, 5:35 PM
Nov. 23, 2015, 11:47 AM
- Ten retailers are expected to post adjusted profit growth of 40% or better in Q4, according to data from S&P Capital IQ.
- The list includes companies boosting the bottom line through acquisitions, mergers, cost-cutting, and sales leverage.
- Expected Q4 profit growth: Fred's (NASDAQ:FRED) 710%, Amazon (NASDAQ:AMZN) 261.2%, Tile Shop (NASDAQ:TTS) 137.4%, Chico's (NYSE:CHS) 51.9%, Office Depot (NASDAQ:ODP) 49.4%, Mattress Firm (NASDAQ:MFRM) 45.6%, Shoe Carnival (NASDAQ:SCVL) 44.4%, Francesca Holdings (NASDAQ:FRAN) 44.4%, Shutterfly (NASDAQ:SFLY) 42%, Ascena Retail (NASDAQ:ASNA) 41.5%.
- Of the bunch of high-flyers, only Shoe Carnival trades with a price-to-earnings ratio of below 20.
Nov. 20, 2015, 11:47 AM
- The S&P Retail ETF (NYSEARCA:XRT) is up 1.9% with apparel and footwear stocks doing much of the heavy lifting.
- A vibrant rally in sports stocks was sparked by earnings reports and Nike. Iconix Brand (ICON +2.5%), G-III Apparel (GIII +3%), DSW (DSW +3.7%), Finish Line (FINL +3.1%), Caleres (CAL +2.2%), Genesco (GCO +3.5%), and Shoe Carnival (SCVL +1.7%) join the list reported on earlier.
- Luxury names are on the move with Kate Spade (KATE +2%), Fossil (FOSL +2.9%), Coach (COH +1.4%), and Movado (MOV +2.7%) higher.
- The beat-up mall retailer group is also recovering after results from Gap (GPS +6%) and Abercrombie & Fitch (ANF +19.4%) topped worst-case scenarios. American Eagle Outfitters (AEO +2.3%), Guess (GES +4.6%), and Pacific Sunwear (PSUN +5.4%) are notable gainers.
- Big box retailers are the laggards today. Wal-Mart, Target (TGT +0.6%), and Costco (COST +0.6%) are right at market index averages.
Nov. 6, 2015, 11:16 AM
- Apparel store stocks are weaker on more reports of higher wage levels and a string of earnings duds in the sector.
- Men's Wearhouse (NYSE:MW) is the headliner with a 44% slide after reporting weak sales, although 22 out of 24 apparel store stocks with a market cap of over $300M are bleeding today.
- Margins are a big concern in the sector as sales deleverage plays in and a higher mix of e-commerce chips away.
- Other notable declines include Stein Mart (SMRT -5.4%), Ascena Retail (ASNA -5.5%), The Children's Place (PLCE -4.8%), Shoe Carnival (SCVL -2.2%), Buckle (BKE -2.1%), Francesca's (FRAN -1.9%).
Sep. 11, 2015, 3:03 PM
- Shoe Carnival (NASDAQ:SCVL) declares $0.065/share quarterly dividend, in line with previous.
- Forward yield 1.04%
- Payable Oct. 19; for shareholders of record Oct. 5; ex-div Oct. 1.
Sep. 1, 2015, 4:12 PM
- Shoe Carnival (NASDAQ:SCVL) reports a modest 0.5% increase in comparable-store sales in Q2.
- The company's merchandise margin improved 110 bps during the quarter. Gross margin rate was also up 110 bps.
- Store growth: Shoe Carnival sees opening 21 stores this fiscal year and close 6.
- Profit guidance: Full-year EPS guidance of $1.42-$1.48 seen vs. $1.48 consensus.
- Previously: Shoe Carnival beats by $0.06, misses on revenue
Sep. 1, 2015, 4:08 PM
- Shoe Carnival (NASDAQ:SCVL): Q2 EPS of $0.24 beats by $0.06.
- Revenue of $227.8M (+2.6% Y/Y) misses by $0.49M.
Aug. 31, 2015, 5:35 PM
Jun. 26, 2015, 10:07 AM
- While Nike (NKE +4.5%) is doing yeoman-like work in supporting the Dow Jones Industrial Average, some other footwear/apparel stocks are ahead of market averages.
- The group is being viewed as being in the right consumer market following a strong report from the Beaverton company.
- Gainers: Iconix Brand Group (ICON +1.9%), Steven Madden (SHOO +1.8%), Under Armour (UA +0.6%), Hanesbrands (HBI +0.8%), Crocs (CROX +2.6%), Deckers Outdoor (DECK +1.2%), Skechers (SKX +0.4%), Wolverine Worldwide (WWW +1.5%), Caleres (CAL +2.2%), Genesco (GCO +2.3%), Shoe Carnival (SCVL +2.4%), Foot Locker (FL +2.4%).
- The S&P Retail ETF (XRT +0.8%) is feeling the support from the athletic apparel and shoe stocks.
- Previously: Nike beats by $0.15, beats on revenue (Jun. 25 2015)
- Previously: Global futures at Nike top expectations (Jun. 25 2015)
- Previously: Millennial demand underpins bright outlook for shoe stocks (Jun. 26 2015)
Jun. 12, 2015, 3:06 PM
- Shoe Carnival (NASDAQ:SCVL) declares $0.065/share quarterly dividend, 8.3% increase from prior dividend of $0.06.
- Forward yield 0.93%
- Payable July 20; for shareholders of record July 6; ex-div July 2.
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