Shoe Carnival(SCVL)
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Is Shoe Carnival (SCVL) Stock Undervalued Right Now?
ZACKS· 2024-10-28 22:46
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fu ...
Is Shoe Carnival (SCVL) a Great Value Stock Right Now?
ZACKS· 2024-10-11 22:46
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find compani ...
Fast-paced Momentum Stock Shoe Carnival (SCVL) Is Still Trading at a Bargain
ZACKS· 2024-09-26 21:51
Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, inves ...
Shoe Carnival Stock: One Size Fits All Investors
MarketBeat· 2024-09-23 20:27
Shoe Carnival Inc. NASDAQ: SCVL is one of the largest family footwear retailers in the United States, operating 430 stores under the Shoe Carnival, Shoe Station and Rogan's Shoes banners. Like the name, the atmosphere of the self-serve stores is bright, colorful, high energy and family-oriented with its iconic Spin 'N Win wheel with loads of promotions. They carry top brands and private label merchandise with a heavy emphasis on off-price brand discounts, which is why their business is booming despite gener ...
Shoe Carnival Expects A Positive H2 2024, But The Stock Is Too Pricey
Seeking Alpha· 2024-09-12 12:56
文章核心观点 - 公司2Q24业绩表现尚可,同店销售下降但环比有所改善[2] - 公司收入增长13%,但主要受到收购Rogan's和日历因素影响[2][3] - 公司毛利率和销售费用率有所改善,但这与销售增长有关[3] - 公司正在推出新的营销举措,并考虑将部分Shoe Carnival门店转型为Shoe Station[3] - 公司提升了全年业绩指引[4] 公司财务表现 - 收入增长13%至3.32亿美元,但同店销售下降2.1%[2][3] - 毛利率和销售费用率有所改善,但主要受到收购和日历因素影响[3] - 存货水平有所改善,为下半年做好准备[3] - 新学期销售表现有所好转,有望在下半年实现正增长[3] 公司战略举措 - 加大数字广告投放,取得良好效果[3] - 将3家Shoe Carnival门店转型为Shoe Station,销售有15%的提升[3] - 计划在下半年再推出7家Shoe Station门店试点[3] 公司估值分析 - 公司预计全年收入增长5-6%,同店销售下降1.5%至增长1%,调整后每股收益2.6-2.75美元[4] - 根据公司指引,公司当前市值和企业价值分别为11亿美元和10亿美元左右[4] - 公司过去10年收入复合增长率仅3%,毛利率和营业利润率处于历史高位,未来可能下降[5] - 综合收益率和增长率,公司当前估值偏高,应该有12-15%的收益率才算合理[6][7]
Why Fast-paced Mover Shoe Carnival (SCVL) Is a Great Choice for Value Investors
ZACKS· 2024-09-10 21:52
Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher." Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth p ...
Are Investors Undervaluing Shoe Carnival (SCVL) Right Now?
ZACKS· 2024-09-09 22:46
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional v ...
Shoe Carnival(SCVL) - 2025 Q2 - Quarterly Report
2024-09-07 04:05
销售业绩 - 第二季度净销售额增长12.9%至3.327亿美元,创下第二季度净销售额新纪录[77] - Rogan's在第二季度贡献了2200万美元的净销售额[77] - Shoe Station旗舰店的净销售额中包括电子商务和新店增长,同比中高个位数增长[77] - Shoe Carnival旗舰店的净销售额中高个位数增长,得益于数字营销活动和产品组合[77] - 由于会计年度的日历变化,第二季度包含了原本属于第三季度的一周销售额,增加了约2000万美元的净销售额[77] - 在此日历变化影响下,可比店铺销售额下降2.1%,但较一季度下降3.4%和去年同期下降6.5%有所改善[78] 盈利能力 - 毛利率连续14个季度保持在35%以上,达到36.1%,同比提升30个基点[78] - 第二季度营业利润达3.01亿美元,同比增长22.0%[78] - 第二季度2024年净收入为2260万美元,每股摊薄收益0.82美元,而2023年同期为1940万美元,每股摊薄收益0.71美元,增长反映了较高的营业收入,部分被较高的有效税率所抵消[79] 成本管控 - 第二季度2024年营业收入包括与Rogan's收购相关的430,000美元合并和整合费用,其中333,000美元计入销售成本,97,000美元计入销售、一般及管理费用[79] - 2024年第二季度销售、一般及管理费用增加910万美元至8990万美元,主要由于薪酬成本增加,包括Rogan's相关的薪酬成本以及其他Rogan's相关的运营费用[85] - 2024年第二季度的有效所得税率为26.3%,高于2023年同期的22.3%,主要由于2024年第二季度股权激励相关税收优惠减少以及2023年第二季度计入的一次性州税递延税收优惠未在2024年重复[86] 资产负债管理 - 2024年第二季度商品存货总计4.255亿美元,较2023年同期增加约1610万美元,主要反映了Rogan's的约4000万美元存货,部分被持续的存货优化计划所抵消[80] - 截至2024年第二季度末,公司现金、现金等价物和有价证券总额为8.45亿美元,较2023年同期增加3710万美元,2024年同期经营活动产生的现金流量增加1840万美元[81] 资本支出与股东回报 - 2024年同期资本支出预计在3000万美元至3500万美元之间,其中约2000万美元至2500万美元用于新开门店、改造升级以及搬迁,约1000万美元至1500万美元用于伊万斯维尔配送中心和电子商务渠道的升级以及其他常规资产更新[99] - 公司批准支付2024年第二季度现金股息,每股0.135美元,较2023年同期的0.100美元有所增加[101] - 公司授权2024年股票回购计划,总额度为5000万美元,可在2024年1月1日至12月31日期间进行[102] - 公司2024年至今未进行股票回购,2023年全年也未进行股票回购[103] 其他 - 公司有三个主要销售旺季:复活节、开学季和圣诞节,这些销售旺季对公司经营业绩有重大影响[104] - 公司正在评估近期会计准则的变更对其财务报表的影响[105] - 公司信贷协议中包含有关股息支付和股票回购的相关条款和限制,这些条款在2024年未发生变化[103] - 公司面临利率变动的市场风险,但未使用利率衍生工具进行风险管理,2024年至今未有借款[106]
Shoe Carnival(SCVL) - 2025 Q2 - Earnings Call Transcript
2024-09-06 03:02
财务数据和关键指标变化 - 第二季度净销售额增长12.9%至3.327亿美元,创历史同期新高 [7][8] - 毛利率扩大至36.1%,连续第14个季度超过35% [15] - 营业利润增长22%至3.01亿美元,体现公司盈利策略奏效 [15] - 每股收益(非GAAP)增长17%至0.83美元 [15] - 经营活动现金流增加约1800万美元至4070万美元 [15] - 现金及等价物余额超过8450万美元,连续第19年无债务 [36] 各条业务线数据和关键指标变化 - Shoe Station销售额增长中个位数,持续快于预期增长 [8] - Shoe Carnival销售额增长中个位数,同店销售环比改善并转正 [9] - Rogan's销售额符合预期,并将在2024财年实现约8400万美元销售额 [12] 各个市场数据和关键指标变化 - 8月同店销售增长低个位数,儿童和运动类别增长中高个位数 [13] - 8月同店销售增长带动第三季度总销售额预计达3.2亿美元 [39] 公司战略和发展方向及行业竞争 - 公司愿景是成为全国领先的家庭鞋类零售商 [16] - 通过盈利性并购和优化现有业务是实现愿景的核心策略 [16] - 正在测试将部分Shoe Carnival门店改造为Shoe Station的新战略,初步结果超出预期 [17][18][19][20] 管理层对经营环境和未来前景的评论 - 第二季度和年初至今的销售增长和盈利能力令人鼓舞,因此提高了全年指引范围 [22][38] - 预计第三季度和第四季度的同店销售增长将在0%至5%之间,中间值为较可能结果 [39][40][50][78] - 第四季度受53周影响和日历调整的不利影响,销售增长可能低于全年指引范围 [40] 其他重要信息 - 数字营销策略初见成效,第二季度和8月同店销售均实现增长 [10][11] - 库存优化持续,预计年末较上年减少约2000万美元 [27] - 并购Rogan's进展顺利,预计2025财年实现协同效应 [12][34] 问答环节重要的提问和回答 问题1 **Mitchel Kummetz 提问** 第三季度同店销售指引情况 [49][50][51] **Mark Worden 回答** 第三季度同店销售预计在0%至5%之间,中间值为较可能结果 [50][51][78][80] 问题2 **Sam Poser 提问** 数字营销在非事件期间的应用和效果 [73][74][75] **Mark Worden 回答** 数字营销在非事件期间的应用已取得成效,有助于在第三季度和第四季度保持同店销售增长 [74][76] 问题3 **Mitchel Kummetz 提问** 第四季度同店销售和利润的预期 [79][80] **Mark Worden 回答** 第四季度同店销售预计与第三季度持平,利润也将相当 [80]
Shoe Carnival (SCVL) Tops Q2 Earnings and Revenue Estimates
ZACKS· 2024-09-05 20:26
Shoe Carnival (SCVL) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.80 per share. This compares to earnings of $0.71 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 3.75%. A quarter ago, it was expected that this footwear retailer would post earnings of $0.60 per share when it actually produced earnings of $0.64, delivering a surprise of 6.67%. Over the last four quarters, the ...