SCVL - Shoe Carnival Q4 Revenue Misses By A Whisker Margin Shrinks | Benzinga
Shoe Carnival Inc (NASDAQ:SCVL) reported a fourth-quarter FY23 sales decline of 3.7% year-on-year to $280.17 million, marginally missing the analyst consensus estimate of $280.27 million.
Comparable store sales declined 9.4% in the quarter, primarily due to soft trends prior to the December holiday period and weather disruptions in January.
Gross profit fell 10.4% Y/Y to $99.7 million, with the margin contracting 270 basis points to 35.6%. Adj EPS of $0.59 was in line with the consensus.
Selling, general and administrative expenses fell 3.5% Y/Y ...