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Shoe Carnival slumps after soft profit guidance

Published 03/28/2018, 07:16 AM
© Reuters.  Shoe Carnival slumps after soft profit guidance
SCVL
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  • Shoe Carnival (NASDAQ:SCVL) issues mixed guidance along with its Q4 report.
  • The retailer expects FY19 revenue of $1.013B to $1.023B vs. $1.01B consensus and 2019 EPS of $1.85 to $2.00 vs. $1.94 consensus.
  • "For 2018, our team remains focused on efficiently managing our business to generate increased net sales and profitability," says CEO Cliff Sifford.
  • Shares of Shoe Carnival are down 8.27% in premarket trading.
  • Previously: Shoe Carnival beats by $0.02, misses on revenue (March 27)
  • Now read: Francesca's: First Thoughts After Q4


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