The Ride Is Just Getting Started At Shoe Carnival
Shoe Carnival: Looks To Be A Fun Ride
Thu, Mar. 17, 5:39 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)
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.
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. 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%).
May 21, 2015, 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.
Mar. 18, 2015, 5:43 PM
Mar. 18, 2015, 4:10 PM
- Shoe Carnival (NASDAQ:SCVL): Q4 EPS of $0.15 beats by $0.06.
- Revenue of $227.63M (+13.6% Y/Y) beats by $7.43M.
- Shares +7.31%.
Mar. 17, 2015, 11:31 AM
- Shoe stocks are higher after DSW impresses with its quarterly report and Foot Locker is tapped for more gains.
- The sector has outperformed broad retail this year buoyed by strong demand for athletic shoes.
- Previously: DSW +7% after impressive comp (Mar. 17 2015)
- Previously: Foot Locker investment seen as a safer Nike bet (Mar. 17 2015)
- Gainers: DSW +4.1%, Brown Shoe (NYSE:BWS) +3.1%, Steven Madden (NASDAQ:SHOO) +1.9%, Finish Line (NASDAQ:FINL) +1.1%, Foot Locker (NYSE:FL) +1.1%, Shoe Carnival (NASDAQ:SCVL) +1.1%.
Dec. 2, 2014, 12:47 PM
Dec. 2, 2014, 11:36 AM
Dec. 1, 2014, 5:40 PM
Sep. 4, 2014, 12:47 PM
Sep. 3, 2014, 5:35 PM
May 23, 2014, 12:45 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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