Press release
Shoe Carnival Reports First Quarter Fiscal 2022 Results
First quarter EPS of $0.95 exceeded expectations, growing 107 percent compared to 2019 pre-pandemic, driven by double-digit operating profit margin. Raising
About this update from Shoe Carnival, Inc.
[{"type":"text","content":"\n\nFirst quarter EPS of $0.95 exceeded expectations, growing 107 percent compared to 2019 pre-pandemic, driven by double-digit operating profit margin.\n\n\nRaising 2022 EPS guidance and re-affirming sales guidance.\n\n\nGrew new customer acquisition over 10 percent compared to first quarter 2021, resulting in over 29 million loyal customers.\n\n\n EVANSVILLE, Ind.--(BUSINESS WIRE)--\nShoe Carnival, Inc. (Nasdaq: SCVL) (the \"Company\"), a leading retailer of footwear and accessories for the family, today reported results for the first quarter ended April 30, 2022.\n\nGiven the volatility during 2020 and 2021, the Company believes the most relevant indicator of the Company’s strength is the 25.1 percent sales growth and 107 percent EPS growth achieved during 2022 versus the first quarter 2019 before the COVID-19 pandemic.\n\n\n\n(In thousands, except per share data)\n\n\n\n \n\n\n\nThirteen Weeks Ended\n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\nApril 30,\n\n\n\n \n\n\n\n \n\n\n\nMay 1,\n\n\n\n \n\n\n\n \n\n\n\nMay 2,\n\n\n\n \n\n\n\n \n\n\n\nMay 4,\n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\n2022\n\n\n\n \n\n\n\n \n\n\n\n2021\n\n\n\n \n\n\n\n \n\n\n\n2020\n\n\n\n \n\n\n\n \n\n\n\n2019\n\n\n\n \n\n\n\n\n\nNet sales\n\n\n\n \n\n\n\n$\n\n\n\n317,527\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n328,457\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n147,495\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n253,810\n\n\n\n \n\n\n\n\n\nChange in net sales compared to 2022\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n-3.3\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n115.3\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n25.1\n\n\n\n%\n\n\n\n\n\nGross profit\n\n\n\n \n\n\n\n$\n\n\n\n112,863\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n130,158\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n31,464\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n75,140\n\n\n\n \n\n\n\n\n\nGross profit margin\n\n\n\n \n\n\n\n \n\n\n\n35.5\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n39.6\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n21.3\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n29.6\n\n\n\n%\n\n\n\n\n\nSG&A as a percentage of net sales\n\n\n\n \n\n\n\n \n\n\n\n24.4\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n22.1\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n37.1\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n23.4\n\n\n\n%\n\n\n\n\n\nNet income/(loss)\n\n\n\n \n\n\n\n$\n\n\n\n26,897\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n43,242\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n(16,190\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n13,873\n\n\n\n \n\n\n\n\n\nDi...