=Shoe Carnival (SCVL) reported earnings on Thur 16 Nov 17 (a/h)

Shoe Carnival beats by $0.04, reports revs in-line; guides FY18 EPS in-line, revs above consensus 

• Reports Q3 (Oct) earnings of $0.66 per share, $0.04 better thanthe Capital IQ Consensus of $0.62; revenues rose 4.7% year/year to $287.5 mln vs the $286.06 mln Capital IQ Consensus.
• Comparable store sales increased 4.4%.
• Gross profit margin for the third quarter of fiscal 2017 decreased 0.1 percent to 29.8% compared to 29.9% in the third quarter of fiscal 2016.
• Co issues guidance for FY18, sees EPS of $1.42-$1.49 vs. $1.43 Capital IQ Consensus Estimate; sees FY18 revs of $1.02-$1.025 vs. $1.01 bln Capital IQ Consensus Estimate. Sees comparable sales flat to up single digits. The company expects to open 19 stores and close 26 stores during fiscal 2017 compared to opening 19 stores and closing nine stores during fiscal 2016.