Shoe Carnival Inc Issues Q3 2013 Guidance Below Analysts' Estimates; Comments On Q3 2013 Comparable Store Sales Guidance


Thursday, 29 Aug 2013 04:15pm EDT 

Shoe Carnival Inc announced that for the third quarter of 2013, it expects net sales to be in the range of $236 to $240 million with a comparable store sales increase in the range of 1.0% to 2.5%. Earnings per diluted share are expected to be in the range of $0.51 to $0.55. In the third quarter of fiscal 2012, total net sales were $244 million, comparable store sales increased 6.2% and the Company earned $0.60 per diluted share. The lower sales and diluted earnings per share projected for the third quarter this year are a result of the calendar shift, which moved an important week of back-to-school from the third quarter of fiscal 2012 into the second quarter this year. According to I/B/E/S estimates analysts' are expecting the Company to report revenues of $242 million; EPS of $0.58 for the third quarter of 2013.. 

Company Quote

28.55
-0.37 -1.28%
27 Mar 2015