Shoe Carnival Profit Trumps Estimates, Reaffirms FY Guidance; Stock Falls 4%

(RTTNews) - Footwear retailer Shoe Carnival Inc (SCVL) on Tuesday reported second-quarter net earnings of $4.8 million or $0.24 per share compared with $2.6 million or $0.13 per share last year.

Revenues for the quarter were up at $227.8 million compared with $222.1 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.18 per share on revenues of $228.3 million for the quarter. Analysts' estimates typically exclude special items.

Comparable store sales increased 0.5 percent.

For the full year 2015, the company still expects earnings of $1.42 to $1.48 per share, sales of $977 million to $991 million and comparable sales growth of 1.5 percent to 3 percent. Analysts expect earnings of $1.48 per share on revenues of $986.1 million.