Press release
Shoe Carnival Reports Third Quarter Fiscal 2022 Results
Q3 EPS grows to highest level of year with sequential growth versus Q2 and Q1 Customer count grows to record level, contributing to second highest quarterly
About this update from Shoe Carnival, Inc.
[{"type":"text","content":"\nQ3 EPS grows to highest level of year with sequential growth versus Q2 and Q1\n\nCustomer count grows to record level, contributing to second highest quarterly sales in history\n\nRaising annual operating margin guidance; re-affirming annual earnings guidance within tightened range\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 third quarter ended October 29, 2022.\n\nGiven the volatility experienced during 2020 and 2021, the Company believes the most relevant comparison for the third quarter 2022 is to the third quarter 2019, prior to the onset of the COVID-19 pandemic and related government stimulus and supply chain disruption.\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\nOctober 29,\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\nNovember 2,\n\n\n\n \n\n\n\n \n\n\n\nOctober 31,\n\n\n\n \n\n\n\n \n\n\n\nOctober 30,\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\n \n\n\n\n2019\n\n\n\n \n\n\n\n \n\n\n\n2020\n\n\n\n \n\n\n\n \n\n\n\n2021\n\n\n\n \n\n\n\n\n\nNet sales\n\n\n\n \n\n\n\n$\n\n\n\n341,661\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n274,645\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n274,579\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n356,336\n\n\n\n \n\n\n\n\n\nGross profit\n\n\n\n \n\n\n\n$\n\n\n\n130,849\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n84,734\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n87,761\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n144,056\n\n\n\n \n\n\n\n\n\nGross profit margin\n\n\n\n \n\n\n\n \n\n\n\n38.3\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n30.9\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n32.0\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n40.4\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\n25.5\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n24.3\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n24.7\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n22.9\n\n\n\n%\n\n\n\n\n\nOperating income margin\n\n\n\n \n\n\n\n \n\n\n\n12.8\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n6.6\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n7.3\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n17.5\n\n\n\n%\n\n\n\n\n\nNet income\n\n\n\n \n\n\n\n$\n\n\n\n32,652\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n13,726\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n14,678\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n46,83...