The 10-second takeaway
For the quarter ended Oct. 27 (Q3), Shoe Carnival met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share grew significantly.
Margins grew across the board.
Shoe Carnival recorded revenue of $244.4 million. The six analysts polled by S&P Capital IQ predicted sales of $242.5 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $215.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.60. The five earnings estimates compiled by S&P Capital IQ forecast $0.58 per share. GAAP EPS of $0.60 for Q3 were 15% higher than the prior-year quarter's $0.52 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 31.3%, 110 basis points better than the prior-year quarter. Operating margin was 8.4%, 50 basis points better than the prior-year quarter. Net margin was 5.0%, 10 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $212.7 million. On the bottom line, the average EPS estimate is $0.22.
Next year's average estimate for revenue is $866.2 million. The average EPS estimate is $1.50.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 76 members out of 87 rating the stock outperform, and 11 members rating it underperform. Among 22 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 19 give Shoe Carnival a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Shoe Carnival is outperform, with an average price target of $28.00.
If you're invested in retailers like Shoe Carnival, you should check out the concept that is The Motley Fool's top stock for 2012. Its founder wrote the book on big box retailing, and it's growing in increasingly important international markets. Click here for instant access to this free report.
- Add Shoe Carnival to My Watchlist.