Shoe Carnival Results Top Estimate, FY15 Guidance Weak; Stock Up 8%

(RTTNews) - Footwear retailer Shoe Carnival Inc (SCVL) on Wednesday reported fourth-quarter net earnings of $3 million or $0.15 per share compared with $0.6 million or $0.03 per share last year.

Revenues for the quarter were up 13.6 percent at $227.6 million compared with $200.3 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.09 per share on revenues of $220.2 million for the quarter. Analysts' estimates typically exclude special items.

Comparable store sales for the quarter increased 9.5 percent, the company said.

For the full year 2015, the company expects earnings of $1.40 to $1.48 per share on revenues of $977 million to $991 million. Analysts expect earnings of $1.45 per share on revenues of $995.7 million.

The company expects comparable store sales in 2015 increase in the range of 1.5 percent to 3.0 percent.

The company also announced a quarterly cash dividend of $0.06 per share.