Shoe Carnival 2024 Outlook, Raised: Expects Net Sales $1.23B-$1.25B (Prior $1.21B-$1.25B) Vs. $1.243B Consensus; Sees Adj. EPS Of $2.60 -$2.75. (Prior $2.55-$2.75) Vs. $2.74 Consensus
Portfolio Pulse from Benzinga Newsdesk
Shoe Carnival has raised its fiscal 2024 outlook, expecting net sales between $1.23B and $1.25B, up from the previous $1.21B-$1.25B range. Adjusted EPS is projected at $2.60-$2.75, slightly above the prior $2.55-$2.75 range. The company anticipates comparable store sales to range from a 1.5% decrease to a 1% increase.
September 05, 2024 | 10:25 am
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Shoe Carnival has increased its fiscal 2024 guidance, expecting net sales of $1.23B-$1.25B and adjusted EPS of $2.60-$2.75. This reflects a positive outlook despite a challenging retail calendar.
Shoe Carnival's raised guidance indicates confidence in its business performance, likely boosting investor sentiment. The increase in expected net sales and adjusted EPS suggests potential stock price appreciation.
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