Shoe Carnival Inc is a retail company that specializes in offering a wide variety of footwear for the entire family, including athletic shoes, casual footwear, and dressy options
The company operates numerous stores across the United States, providing customers with a unique shopping experience characterized by an extensive selection of popular brands and styles. Shoe Carnival distinguishes itself through its promotional events and sales, leveraging its commitment to customer service and a fun in-store atmosphere. In addition to its physical stores, Shoe Carnival also has an online presence, allowing shoppers to conveniently browse and purchase products from the comfort of their homes.
You know that small cap value delivers exceptionally strong returns over the long term. You also know that these stocks may need time to break out of their undervaluation and start delivering. You do not know how long this wait could be.
Retailers are overhauling their operations as technology redefines the shopping experience. Still, secular trends are working against their favor as e-commerce continues to take share from brick and mortars.
This puts retail stocks in a tough spot, and over the past six months, the industry has pulled back by 3.7%. This performance is a stark contrast from the S&P 500’s 6.4% gain.
Shareholders of Shoe Carnival would probably like to forget the past six months even happened. The stock dropped 36.9% and now trades at $25.49. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the footwear retailer industry, including Shoe Carnival (NASDAQSCVL) and its peers.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at footwear retailer stocks, starting with Designer Brands (NYSEDBI).
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the footwear retailer industry, including Boot Barn (NYSEBOOT) and its peers.
Footwear retailer Shoe Carnival (NASDAQSCVL) missed Wall Street’s revenue expectations in Q3 CY2024, with sales falling 4.1% year on year to $306.9 million. The company’s full-year revenue guidance of $1.22 billion at the midpoint came in 1.5% below analysts’ estimates. Its non-GAAP profit of $0.71 per share was 6% above analysts’ consensus estimates.
