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Article Date: May 2017
Word Count: 205

Shoe Carnival, No Surprise, Hit with Soft Feb.

In updating its outlook for the first quarter and full year, SCVL said the delay in tax refund checks pushed down Feb comps mid-teens, and despite a recovery in Mar. and Apr., the comps for the quarter could not offset the key Feb. selling month and would be down 3.9%. In noting that it sees this as a one-time event with its business prospects for the rest of the year unchanged and lowered top line guidance for the FY to sales of $1.002-1.018 billion from earlier guidance of $1.028 to $1.040. It sees EPS in the $1.30-1.40 range ($23.9 m) ... Log in to view full article.


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