Shoe Carnival Q3 Earnings Beat Estimates, Comparable Sales Dip Y/Y
Shoe Carnival(SCVL) ZACKS·2024-11-22 23:51
Shoe Carnival, Inc. (SCVL) reported third-quarter fiscal 2024 results, wherein the top line lagged the Zacks Consensus Estimate and bottom line surpassed the same. Both metrics declined year over year.The company witnessed weak performance, with lower adjusted gross profit and operating income, although these were partially offset by synergies from the Rogan’s acquisition and reduced SG&A expenses. Progress was made on the store rebanner strategy, with several Shoe Carnival stores converted to Shoe Station. ...