The Ride Is Just Getting Started At Shoe Carnival
Shoe Carnival: Looks To Be A Fun Ride
Fri, Jun. 17, 4:13 PM
Mon, May 23, 10:27 AM
- The U.S. footwear industry is expected to be big winner from the Trans-Pacific Partnership trade agreement, according to analysis from the U.S. International Trade Commission.
- U.S. footwear imports are expected to increase by 2.7% or $1.1B vs. the 2032 baseline growth estimate, with the bulk coming from Vietnam at the expense of China.
- Exports from the U.S. are seen increasing 12.2% as more parts are sent to Vietnam for final assembly.
- TPP is anticipated to have a positive impact on U.S. output and footwear-related employment levels.
- Footwear is the sector with the largest positive benefit from reduced tariffs in what could be a favorable development for margins.
- Full U.S. ITC report (.pdf)
- Related footwear stocks: DSW, SHOO, FINL, FL, UA, SCVL, UA, NKE, OTCQX:ADDYY, DECK, WWW, SKX.
Thu, May 19, 4:11 PM
Wed, May 18, 5:35 PM
Fri, Mar. 18, 7:35 AM
- Shoe Carnival (NASDAQ:SCVL) stayed in positive territory with comparable-store sales growth in Q4 with a 1.8% gain. The company ran into a tough comparison after comp sales rose 9.5% a year ago during the same quarter.
- The retail chain's gross profit margin rate rose 60 bps to 29.2%. Merchandise margin was down 10 bps.
- On a net basis, Shoe Carnival added 5 stores last year (20 adds, 15 closings).
- Shoe Carnival expects revenue of $1.007B-$1.027B this year vs. $1.03B consensus and EPS of $1.58 to $1.65 vs. $1.62 consensus.
- Previously: Shoe Carnival beats by $0.07, beats on revenue (Mar. 17 2016)
- SCVL +7.05% premarket to $27.48. Shares rose 5.55% yesterday ahead of the earnings announcement.
Thu, Mar. 17, 5:39 PM
Thu, Mar. 17, 4:07 PM
Wed, Mar. 16, 5:35 PM
Fri, Feb. 26, 11:59 AM
- Foot Locker (FL -4.3%) is lower to reverse an early post-earnings rally.
- The company said during its earnings call that sales were hurt during the last two weeks of January due to Winter Storm Jonas and delayed tax rebate checks.
- Sales were still up 5% during the quarter, with the running category delivering a mid-teen comp.
- Another key point from Foot Locker's call (noted by WSJ's Sara Germano) is the positive appraisal of basketball shoe demand. Foot Locker CEO called out the strong demand for the Jordan (Nike), Kyrie (Nike), and Stephen Curry (Under Armour) line of shoes in particular.
- Peers Finish Line (FINL -1.7%), Caleres (CAL -1%), and Shoe Carnival (SCVL -3.4%) are also lower on the day. Nike (NKE +0.4%) and Under Armour (UA +1.8%) are in positive territory.
- Previously: Foot Locker beats by $0.04, beats on revenue (Feb. 26 2016)
- Previously: Foot Locker up post Q4 results (Feb. 26 2016)
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
- Shoe Carnival (NASDAQ:SCVL) says comparable-store sales rose 2.9% during the first two months of Q4.
- Based off its holiday period performance, Shoe Carnival expects full-year revenue of $980M-$987M vs. $983.4M consensus and EPS of $1.38-$1.43 vs. $1.40 consensus.
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
- Shoe Carnival (NASDAQ:SCVL) declares $0.065/share quarterly dividend, in line with previous.
- Forward yield 1.14%
- Payable Jan. 25; for shareholders of record Jan. 11; ex-div Jan. 7.
- In addition, its Board announced a new share repurchase program for up to $50M of its common stock.
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
- Shoe Carnival (NASDAQ:SCVL): Q3 EPS of $0.47 in-line.
- Revenue of $269.7M (+5.9% Y/Y) beats by $5.45M.
- Shares +3.9%.
Nov. 29, 2015, 5:35 PM
Shoe Carnival, Inc. operates as a footwear retailer. The company offers dress, casual and athletic footwear for men, women and children with emphasis on national and regional name brands. It also provides accessories, such as handbags, sport bags, slippers, cold weather, shoe care items and... More
Industry: Apparel Stores
Country: United States
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