Shoe Carnival’s Q1 Results Are No Joke, Shares Fall 15%

Published by

Shoe Carnival Moves Lower Despite Upside SurprisesShoe Carnival (NASDAQ:SCVL) had a tough quarter in Q1 and shares are moving lower because of it. The problem is that revenue, margin, and earnings all fell relative to last year but there is a mitigating factor we think readers should be aware of. The company’s comps versus last year are negative but last year was a blowout year with sales up 122% YOY and 30% versus the 2019 pre-pandemic comp. While the earnings news suggests near-term weakness is warranted, we feel the sudden drop in share prices is also an attractive buying opportunity becaus…

Read More

Share this Story
Load More Related Articles
Load More In Wall Street