Shoe Carnival, Inc. Provides Earnings Guidance for the Year 2022
March 16, 2022 at 04:00 pm IST
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Shoe Carnival, Inc. provided earnings guidance for the year 2022. The company expects Net sales to increase 4% to 7% compared to the prior year, on top of the 36.2% increase achieved during fiscal 2021, Operating income is expected to be in the range of $142 million to $154 million, compared to the pre-pandemic record of $54.2 million in fiscal 2019, and EPS is expected to be in the range of $3.80 to $4.10, compared to $1.46 in fiscal 2019.
Shoe Carnival, Inc. is a family footwear retailer. The Company offers an assortment of dress, casual and athletic footwear for men, women, and children with emphasis on national name brands. Its omnichannel bricks provide customers easy access to its broad assortment of branded footwear for work, athletics, daily activities, and special events via their choice of delivery channel. Its physical store carries shoes in two general categories: athletics and non-athletics with subcategories for men's, womenâs, and children's, as well as a broad range of accessories. It trademarks and service marks, including Shoe Carnival and associated trade dress and related logos, Y-NOT?, UNR8ED, Solanz, Shoe Perks, SC Work Wear, A Surprise In Store, Shoes 2U, Laces for Learning, Princess Laceyâs Laces, and Shoe Station. The Company operates about 429 stores in 36 states and Puerto Rico under its Shoe Carnival and Shoe Station banners and offers shopping at www.shoecarnival.com and www.shoestation.com.