Q2 2024 Shoe Carnival Inc Earnings Call
Shares of footwear retailer Shoe Carnival (NASDAQ:SCVL) jumped 13.3% in the morning session after the company reported second-quarter earnings results. Notably, the Back-to-School shopping season (the company's most important sales period) was highly successful, driving strong sales momentum. As a result, the company achieved its highest second-quarter sales on record. However, same-store sales came in below expectations, leading to a revenue miss. Its full-year revenue guidance was underwhelmin
Shoe Carnival (SCVL) delivered earnings and revenue surprises of 3.75% and 0.77%, respectively, for the quarter ended July 2024. Do the numbers hold clues to what lies ahead for the stock?