Shoe Carnival Says Same-store Sales Up 2.9%, Releases Q4 Guidance

Shoe Carnival Inc. repeated that it expects full-year sales to be in the range of $980 million to $987 million, or 4.2% to 5% more than the $940.2 million reported for fiscal year 2014. Shoe Carnival expects per-share earnings to fall within the range of $1.38 to $1.43, a 9% to 13% bump compared with 2014's $1.27 earnings. The company also said that same-store sales are up 2.9% for the first two months of the fourth quarter. Shoe Carnival will report fourth-quarter earnings on March 17. Shares of Shoe Carnival fell 9.7% over the course of 2015, and are down 6.1% so far in 2016.