SCVL - Why Shoe Carnival Shares Are Falling Today | Benzinga
Shoe Carnival, Inc. (NASDAQ: SCVL) Q2 sales declined 5.7% year-on-year to $294.62 million, beating the consensus of $286.35 million.
The footwear retailer's EPS of $0.71 missed the analyst consensus of $0.84.
The company said that while overall conditions improved from earlier in 2023, soft traffic results continued within lower-income households and urban markets.
Compared to the prior-year quarter, softness in urban markets led to a comparable sales decrease of 6.5%.
Shoe Station net sales increased low-single digits in Q2, while growth accelerated ...