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Shoe Carnival For Q3 Expects Net Sales Of~ $320M Vs. $321.5M Consensus, And GAAP EPS Of $0.70 Vs. $0.65 Consensus

Benzinga ·  Sep 5 18:21

Third Quarter 2024 Update

Sales accelerated during the peak Back-to-School season and continued through the month of August. The Company achieved low-single digit comparable store sales growth for Fiscal August 2024, driven by growth of the children's and athletics categories.

The Company currently expects third quarter 2024 net sales to be approximately $320 million. This expectation includes the impact of the retail calendar shift, which resulted in approximately $20 million in net sales moving out of third quarter 2024 and into second quarter 2024 as compared to prior year.

The Company currently expects GAAP EPS to be approximately $0.70 in third quarter 2024, with an income tax rate of approximately 25 percent.

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