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Overview

* Shoe Carnival ( SCVL ) Q2 EPS beats consensus by over 20%, per LSEG

data

* Company's Q2 sales miss analyst expectations, per LSEG

data

* Gross profit margin expands 270 basis points to 38.8%

Outlook

* Shoe Carnival ( SCVL ) expects fiscal 2025 net sales of $1.12 bln

to

$1.15 bln

* Company raises lower end of GAAP EPS guidance to $1.70 to

$2.10

* Gross profit margin expected to be 36.5% to 37.5% for

fiscal

2025

* SG&A expenses projected at $355 mln to $360 mln for fiscal

2025

Result Drivers

* REBANNER STRATEGY - Shoe Station rebanner strategy

delivered 8%

comparable sales growth year-to-date, outperforming Shoe

Carnival ( SCVL )

* MARGIN EXPANSION - Gross profit margin expanded 270 basis

points

to 38.8%, driven by disciplined pricing and favorable mix shift

* BACK-TO-SCHOOL PERFORMANCE - Positive comparable sales and

margin expansion achieved during August Back-to-School season

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Miss $306.39 $313.10

mln mln (3

Analysts

)

Q2 EPS $0.7

Q2 Net $19.22

Income mln

Q2 Gross $118.81

Profit mln

Q2 $25.23

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "hold"

and

the breakdown of recommendations is no "strong buy" or "buy", 3

"hold" and no "sell" or "strong sell"

* The average consensus recommendation for the apparel &

accessories retailers peer group is "buy."

* Wall Street's median 12-month price target for Shoe

Carnival Inc ( SCVL )

is $22.50, about 4.3% above its September 3 closing price of

$21.53

* The stock recently traded at 12 times the next 12-month

earnings

vs. a P/E of 10 three months ago

Press Release:

(This story was created using Reuters automation and AI based

on LSEG and company data. It was checked and edited by a Reuters

journalist prior to publication.)