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Article Date: November 2019
Word Count: 468

Shoe Carnival Raises Guidance On Strong Q3 Results


Net income for the third quarter ended Nov. 2 was up 14% to $13,726,000 from $12,046,000 on 2% higher revenues of $274,645,000 vs. $269,181,000 including a 3.5% increase in same store sales. Back-to-School finished strong, with Aug. comps up 3.3% over last year’s 6.5% increase getting the quarter off to a solid start, followed by a low-single-digit increase in Sep, and a mid-single increase in Oct. Based on the results, SCVL raised its guidance for the full year, and now expects revenues of $1.033 billion to $1.036 billion with positive low-single-digit comps, up from $1.028 billion to $1.033 billion guided ... Log in to view full article.

 


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