Shoe Carnival, Inc. (NASDAQ:SCVL) shares rose Thursday after the company reported better-than-expected quarterly earnings and sales despite softer comparable-store demand across its retail banners.
The retailer also highlighted improving sales trends, stronger cash generation and lower inventory levels while reaffirming its earnings outlook and slightly raising its full-year sales forecast.
Quarter In Detail
Shoe Carnival Inc. reported first-quarter adjusted earnings per share of 23 cents. It beat the analyst consensus estimate of 20 cents.
Quarterly sales of $270.73 million outpaced the Street view of $267.702 million. Comparable store sales declined 2.1%.
Shoe Carnival banner net sales declined 2.2% in the quarter, improving from trends seen throughout fiscal 2025.
Shoe Station banner net sales …