Shoe Carnival Revises Earnings Guidance for the Fiscal Year Ending February 2, 2019; Provides Earnings Guidance for the Fiscal Year Ending February 1, 2020
January 14, 2019 at 05:30 pm IST
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Shoe Carnival revised earnings guidance for the fiscal year ending February 2, 2019. The company now expects fiscal 2018 net sales to be approximately $1.028 billion and expects comparable store sales to increase approximately 4%. Earnings per diluted share for fiscal 2018 are expected to be in the range of $2.41 to $2.43. In fiscal 2017, net sales were $1.019 billion, comparable store sales increased 0.3% and the company earned $1.15 per diluted share. Adjusted earnings per diluted share for fiscal 2017 were $1.49.
For the fiscal year ending February 1, 2020, Shoe Carnival expects net sales in the range of $1.035 billion to $1.043 billion with a low single-digit comparable store sales increase. Earnings per diluted share are expected to be in the range of $2.60 to $2.70 for fiscal 2019.
Shoe Carnival, Inc. is a family footwear retailer. It 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 range assortment of branded footwear for athletics, daily activities and special events via their choice of delivery channel. Its typical physical store carries shoes in two general categories: athletics and non-athletics with subcategories for men's, women's and children's, and a range of accessories. Its trademarks and service marks: 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, Shoe Station, Shoe Station Super Store and Shoe Station Select. It operates 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.
Shoe Carnival Revises Earnings Guidance for the Fiscal Year Ending February 2, 2019; Provides Earnings Guidance for the Fiscal Year Ending February 1, 2020