Shoe Carnival Cuts 2023 Net Sales Outlook From $1.23B-$1.25B To $1.19B-$1.21B; Consensus $1.19B
Portfolio Pulse from Benzinga Newsdesk
Shoe Carnival has reduced its 2023 net sales outlook from $1.23B-$1.25B to $1.19B-$1.21B, which is in line with the consensus estimate of $1.19B.
August 29, 2023 | 10:22 am
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NEGATIVE IMPACT
Shoe Carnival's lowered sales outlook for 2023 may negatively impact its stock price in the short term.
Shoe Carnival has lowered its 2023 sales outlook, which is a negative signal for investors. This could lead to a decrease in demand for the stock and thus a potential drop in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100