Shoe Carnival’s Fiscal 2024 Results and Fiscal 2025 Outlook
Evansville, Indiana-based Shoe Carnival, Inc. recently reported its financial results for the fourth quarter and the full fiscal year ended on February 1, 2025. The footwear and accessories retailer met the high end of its annual EPS expectations, with GAAP EPS coming in at $2.68 and Adjusted EPS at $2.72.
Financial Highlights
The Company’s sales for Fiscal 2024 grew by 2.3 percent, which was in line with its earlier expectations. This growth was driven by a 3.2 percent increase in comparable store sales, coupled with a 0.6 percent rise in new store sales.
Fourth Quarter Performance
During the fourth quarter, Shoe Carnival reported net sales of $456.5 million, representing a 1.5 percent increase compared to the same period in Fiscal 2023. GAAP net income for the quarter was $23.0 million, while Adjusted net income was $24.6 million. Diluted GAAP EPS and Adjusted EPS were $0.57 and $0.61, respectively.
Fiscal 2025 Guidance
For Fiscal 2025, Shoe Carnival anticipates GAAP EPS in the range of $2.65 to $2.80 and Adjusted EPS between $2.75 and $2.90. The Company also expects sales growth in the low to mid single-digit percentage range.
Impact on Consumers
The strong financial performance of Shoe Carnival could potentially lead to various benefits for consumers. With the Company’s continued growth, they may expand their inventory, offering a wider selection of footwear and accessories. Additionally, they could invest in improving their stores’ shopping experience, making it more convenient and enjoyable for customers.
Impact on the World
On a broader scale, Shoe Carnival’s financial success is an indicator of the overall health of the footwear industry. With consumers showing a continued interest in footwear, retailers like Shoe Carnival are well-positioned to capitalize on this trend, potentially contributing to job growth and economic stability in their local communities.
Conclusion
Shoe Carnival’s strong financial performance in Fiscal 2024, with the achievement of its annual EPS expectations and sales growth, sets the stage for a promising Fiscal 2025. These results not only benefit the Company and its shareholders but also have a ripple effect on consumers and the footwear industry as a whole. As Shoe Carnival continues to grow, we can expect to see improvements in their offerings, shopping experience, and overall contribution to the economy.
- Shoe Carnival reported Fiscal 2024 results, achieving high end of annual EPS expectations.
- GAAP EPS was $2.68 and Adjusted EPS was $2.72.
- Sales grew by 2.3 percent, driven by a 3.2 percent increase in comparable store sales and a 0.6 percent rise in new store sales.
- For Fiscal 2025, the Company anticipates GAAP EPS between $2.65 and $2.80 and Adjusted EPS between $2.75 and $2.90, with sales growth in the low to mid single-digit percentage range.
- Consumers may benefit from a wider selection of footwear and accessories and improved shopping experiences.
- Shoe Carnival’s financial success is an indicator of the overall health of the footwear industry.
