Seeking Alpha

Shoe Carnival, Inc. (SCVL)

  • Yesterday, 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.
    | Yesterday, 11:47 AM | 5 Comments
  • Fri, Nov. 20, 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.
    | Fri, Nov. 20, 11:47 AM | 2 Comments
  • Fri, Nov. 6, 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%).
    | Fri, Nov. 6, 11:16 AM | 4 Comments
  • Fri, Sep. 11, 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.
    | Fri, Sep. 11, 3:03 PM | Comment!
  • Tue, Sep. 1, 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
    | Tue, Sep. 1, 4:12 PM | Comment!
  • Tue, Sep. 1, 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.
    • Press Release
    | Tue, Sep. 1, 4:08 PM | Comment!
  • Mon, Aug. 31, 5:35 PM
  • Fri, Jun. 26, 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)
    | Fri, Jun. 26, 10:07 AM | 2 Comments
  • Fri, Jun. 12, 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.
    | Fri, Jun. 12, 3:06 PM | Comment!
  • Fri, Jun. 12, 10:45 AM
    • Shoe Carnival (SCVL -0.5%) plans to open a new small-store concept in the next six to nine months.
    • The new stores will be close to 5K square feet, compared to the company's average store size of around 10K square feet.
    | Fri, Jun. 12, 10:45 AM | Comment!
  • Sat, Jun. 6, 12:58 PM
    • Many analysts covering the apparel/department store part of the retail sector have been pushing out the same story on global lifestyle brands and REIT conversions without giving investors much of a play except an all-in turnaround bet.
    • There's a suspicion with some industry insiders that F/X and comp sales headlines are hiding some undervalued picks.
    • A few screens below. Add your own in the comments.
    • Lowest forward price-to-earnings ratio: Genesco (NYSE:GCO), Dillard's (NYSE:DDS), Gap (NYSE:GPS), Stage Stores (NYSE:SSI), Stein Mart (NASDAQ:SMRT).
    • Lowest price-to-book ratio: Abercrombie & Fitch (NYSE:ANF), Stage Stores, Ascena Retail Group (NASDAQ:ASNA), Guess (NYSE:GES), J.C. Penney (NYSE:JCP).
    • Highest current ratio (assets/liabilities): Shoe Carnival (NASDAQ:SCVL), Francesca's (NASDAQ:FRAN), Guess, Citi Trends (NASDAQ:CTRN), DSW (NYSE:DSW).
    | Sat, Jun. 6, 12:58 PM | 2 Comments
  • Thu, May 21, 12:38 PM
    • Shoe Carnival (SCVL -1.5%) says it was hit by over 400 days cumulative of stores closures due to weather during Q1.
    • Comparable-store sales were up 3.0% during the quarter.
    • Gross margin rate was flat at 29.5% and the merchandise margin was up 10 bps.
    • SG&A expense rate -20 bps to 22.8%.
    • The company raised the low end of 2015 EPS guidance to $1.42-$1.48 vs. $1.40-$1.48 prior and $1.47 consensus.
    • Shares of Shoe Carnival were on the rise in the weeks before the earnings report.
    | Thu, May 21, 12:38 PM | Comment!
  • Wed, May 20, 4:08 PM
    • Shoe Carnival (NASDAQ:SCVL): Q1 EPS of $0.52 in-line.
    • Revenue of $252.8M (+7.2% Y/Y) misses by $1.8M.
    • Press Release
    | Wed, May 20, 4:08 PM | Comment!
  • Tue, May 19, 5:35 PM
  • Sat, May 2, 2:00 PM
    • There's a vibrant rally ongoing with shoe stocks as some stars align for the sector.
    • Analysts have cited a consumer trend toward a higher spend in the category amid positive macroeconomic factors, while some relief with input costs (rubber) and foreign exchange swings (labor) has helped with margins.
    • Mark down athleisure and brand-loyal millennials as two other positive factors for shoe sellers.
    • The U.S. retail sneaker market is now worth close to $28B, according to Sneakernomics.
    • SportsOneSource pegs the international market at $55B and growing briskly.
    • In what could also be considered a sign of a strong retail segment, designer basketball shoes even have a sizzling secondary market.
    • The list of shoe companies - retail level and wholesalers - with shares that have outperformed the S&P 500 and the S&P Retail ETF over the last 90 days includes Columbia Sportswear (NASDAQ:COLM), Deckers Outdoor (NYSE:DECK), Nike (NYSE:NKE), Foot Locker (NYSE:FL), Crocs (NASDAQ:CROX), Steve Madden (NASDAQ:SHOO), Brown Shoe (NYSE:BWS), Skechers (NYSE:SKX),  Finish Line (NASDAQ:FINL), Shoe Carnival (NASDAQ:SCVL), and Wolverine Worldwide (NYSE:WWW).
    • Under Armour (NYSE:UA) and Adidas (OTCQX:ADDYY) are also ahead of market averages over the same three-month period.
    • If an ETF of the shoe stocks listed above existed, it would have doubled up the return of the S&P 500 Index since January.
    | Sat, May 2, 2:00 PM | Comment!
  • Wed, Mar. 18, 5:43 PM
    • Top gainers, as of 5:15 p.m.: GES +12.8%. SCVL +9.4%. NQ +8.9%. CANF +8.2%. SBLK +4.5%.
    • Top losers, as of 5:15 p.m.:ANTH -3.4%HTA -3.26%. LYB -3.1%. EMC -3.0%. WSM -2.8%.
    | Wed, Mar. 18, 5:43 PM | 5 Comments
Company Description
Shoe Carnival Inc is a family footwear retailer. It offers customers an assortment of moderately priced dress, casual and athletic footwear for men, women and children.
Sector: Services
Industry: Apparel Stores
Country: United States