=Shoe Carnival (SCVL) reported earnings on Wed 30 Aug 2017 (a/h)

Shoe Carnival beats by $0.04, beats on revs; raises FY18 EPS and rev guidance; Q2 comps +0.4%; reaffirms FY18 comp guidance(16.42 +0.65)

• Reports Q2 (Jul) earnings of $0.24 per share, $0.04 better than the Capital IQ Consensus of $0.20; revenues rose 1.4% year/year to $235.1 mln vs the $232.26 mln Capital IQ Consensus. Comparable store sales increased 0.4 percent in the second quarter of fiscal 2017.
• Gross profit margin for the second quarter of fiscal 2017 remained flat at 29.0 percent compared to the second quarter of fiscal 2016. Merchandise margin, along with buying, distribution and occupancy expenses as a percentage of net sales, remained flat compared to the second quarter of fiscal 2016.
• Co issues guidance for FY18, raises bottom end of EPS to $1.35-1.45 from $1.30-1.45 vs. $1.39 Capital IQ Consensus Estimate; raises FY18 revs to $1.006-1.019 bln from $1.002-1.018 bln vs. $1.01 bln Capital IQ Consensus Estimate; reaffirms comp store sales flat to down low single digits