Overview

* Shoe Carnival ( SCVL ) Q3 sales and EPS exceed consensus expectations

* Shoe Station net sales grew 5.3%, while Shoe Carnival ( SCVL ) sales declined 5.2%

* Company to change name to Shoe Station Group, pending shareholder approval

Outlook

* Company expects $20 mln annual cost savings by end of Fiscal 2027

* Shoe Carnival ( SCVL ) anticipates 20-25% inventory investment reduction by Fiscal 2027

* Company projects annual comparable sales growth starting in Fiscal 2027

Result Drivers

* SHOE STATION GROWTH - Shoe Station net sales grew 5.3% and margins expanded 260 basis points, driving overall results

* SHOE CARNIVAL DECLINE - Shoe Carnival ( SCVL ) net sales declined 5.2%, reflecting continued pressure on lower-income consumers

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Slight $297.20 $295.30

Beat* mln mln (3

Analysts

)

Q3 EPS $0.53

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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 $21.50, about 21.2% above its November 12 closing price of $16.94

* The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

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(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.)