Shoe Carnival Q2 EPS $0.71 Vs $1.04 Prior Year, Sales $294.62M Beat $286.35M Estimate
Portfolio Pulse from Benzinga Newsdesk
Shoe Carnival reported Q2 earnings of $0.71 per share, a 31.73% decrease from the same period last year. However, the company's quarterly sales of $294.62 million beat the analyst consensus estimate of $286.35 million by 2.89%, despite being a 5.65% decrease from last year.
August 29, 2023 | 10:17 am
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Shoe Carnival's Q2 earnings per share decreased by 31.73% YoY, but sales beat estimates by 2.89%.
The decrease in earnings per share indicates a decline in profitability, which could negatively impact the stock price. However, the fact that sales beat estimates might mitigate this impact to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100