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Nov. 21, 2019, 5:22 p.m. EST

Shoe Carnival up 8% on strong Q3, higher guidance

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By Josh Beckerman

Shoe Carnival Inc. /zigman2/quotes/203407380/composite SCVL -3.93% shares rose 8% to $40 after hours as the company reported a strong third quarter and increased its fiscal 2019 sales and earnings guidance.

Net sales rose 2% to $274.6 million, with comparable sales up 3.5%.

Shoe Carnival earned $13.7 million, or 94 cents a share, compared with $12 million, or 76 cents a share, a year earlier.

Shoe Carnival increased earnings guidance to $2.85 to $2.89 a share, from $2.77 to $2.83. It expects net sales of $1.033 billion to $1.036 billion.

Write to Josh Beckerman at josh.beckerman@wsj.com

/zigman2/quotes/203407380/composite
US : U.S.: Nasdaq
$ 34.96
-1.43 -3.93%
Volume: 95,156
Feb. 21, 2020 4:00p
P/E Ratio
12.75
Dividend Yield
0.97%
Market Cap
$516.49 million
Rev. per Employee
$220,899
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