Shoe Carnival For Q3 Expects Net Sales Of~ $320M Vs. $321.5M Consensus, And GAAP EPS Of $0.70 Vs. $0.65 Consensus
Portfolio Pulse from Benzinga Newsdesk
Shoe Carnival anticipates Q3 2024 net sales of $320M, slightly below the $321.5M consensus, and GAAP EPS of $0.70, above the $0.65 consensus. Sales were driven by growth in children's and athletics categories, despite a retail calendar shift affecting sales distribution.
September 05, 2024 | 10:21 am
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Shoe Carnival's Q3 2024 sales are expected to be $320M, slightly below consensus, but EPS is projected at $0.70, exceeding expectations. Sales growth in children's and athletics categories is noted, despite a retail calendar shift.
Shoe Carnival's expected EPS of $0.70 exceeds the consensus of $0.65, which is a positive indicator for investors. Although net sales are slightly below expectations, the growth in key categories and the EPS beat suggest a positive short-term impact on the stock price.
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