Shoe Carnival Inc. Provides Updated Earnings Guidance for the Fourth Quarter and Year Ending February 2, 2013
January 14, 2013 at 04:05 pm EST
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Shoe Carnival Inc. provided earnings guidance for the fourth quarter and year ending February 2, 2013. The company expects fourth quarter net sales to be in the range of $212 million to $214 million with a comparable store sales increase of approximately 1.0%. Earnings per diluted share in the fourth quarter of fiscal 2012 are expected to be in the range of $0.20 to $0.22. In the fourth quarter of fiscal 2011, comparable store sales decreased 3.0% and the company earned $0.16 per diluted share.
For fiscal 2012, the company expects net sales to be in the range of $861 million to $863 million and comparable store sales to increase approximately 4.5%. Earnings per diluted share for fiscal 2012 are expected to be in the range of $1.48 to $1.50. This annual earnings per diluted share in the represents a 13.0% to 14.5% increase over last year's earnings per diluted share. For fiscal 2011, comparable store sales increased 0.7% and earnings per diluted share were $1.31.
Shoe Carnival, Inc. is a family footwear retailer. It offers an assortment of dress, casual and athletic footwear for men, women and children with emphasis on national name brands. Its omnichannel bricks provide customers easy access to its range assortment of branded footwear for athletics, daily activities and special events via their choice of delivery channel. Its typical physical store carries shoes in two general categories: athletics and non-athletics with subcategories for men's, women's and children's, and a range of accessories. Its trademarks and service marks: Shoe Carnival and associated trade dress and related logos, Y-NOT?, UNR8ED, Solanz, Shoe Perks, SC Work Wear, A Surprise In Store, Shoes 2U, Laces for Learning, Princess Laceyâs Laces, Shoe Station, Shoe Station Super Store and Shoe Station Select. It operates 429 stores in 36 states and Puerto Rico under its Shoe Carnival and Shoe Station banners and offers shopping at www.shoecarnival.com and www.shoestation.com.