1.62% +0.55

Shoe Carnival, Inc. (SCVL)

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Why is Shoe Carnival, Inc. (SCVL) Stock down?

We've noticed a 5.14% decline in Shoe Carnival, Inc. (SCVL) stock during the 2024-04-02 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

16 Nov, 2023:

Shoe Carnival, Inc. Stock (SCVL) dropped by 8.61% from $24.17 to $22.09 in the trading on Thursday November 16, 2023. The reasons why SCVL stock down today include:

Q3 FY23 results: The company reported Q3 results that missed analysts' revenue and EPS estimates, with management attributing the shortfall to softening trends, largely influenced by unseasonably warm weather. Sales declined 6.4% Y/Y to $319.91 million, missing the consensus of $328.26 million. Comparable store sales declined 7.4% Y/Y, owing to softening trends after Labor Day. The footwear retailer's EPS of $0.80 missed the analyst consensus of $1.01.
FY23 Guidance: Shoe Carnival reduced its FY23 net sales outlook to $1.16 billion - $1.18 billion (from $1.19 billion-$1.21 billion) vs. consensus of $1.19 billion. Shoe Carnival cuts 2023 EPS guidance to $2.65 - $2.75 from $3.10-$3.25, compared to the consensus of $3.03.