Shoe Carnival Q2 Sales Hit $307.4M

TL;DR

**Shoe Carnival Q2 sales $307.4M. Stock comp details disclosed.**

AI Summary

Shoe Carnival Inc. reported its second quarter results for the period ending August 3, 2024. The company's net sales for the quarter were $307.4 million. This filing also details stock-based compensation, including restricted stock units and performance stock units, with specific values related to vesting and awards.

Why It Matters

This filing provides insight into Shoe Carnival's recent financial performance and its compensation structures, which can impact investor confidence and future growth prospects.

Risk Assessment

Risk Level: medium — The filing contains details on stock-based compensation and financial performance, which are key indicators for investors but also subject to market fluctuations.

Key Numbers

• $307.4M — Net Sales (Second quarter sales ending August 3, 2024)
• 0127 — Fiscal Year End (Company's fiscal year closing date)
• 000-21360 — SEC File Number (Shoe Carnival's SEC filing identifier)

Key Players & Entities

• SHOE CARNIVAL INC (company) — Filer
• 20240803 (date) — End of reporting period
• $307.4 million (dollar_amount) — Net sales for the quarter
• 2023-07-29 (date) — Prior year comparative period end
• 2024-05-05 (date) — Stock award grant date

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share SCVL The Nasdaq Stock Mar

Filing Documents

• scvl-20240803.htm (10-Q) — 1586KB
• scvl-ex10_1.htm (EX-10.1) — 64KB
• scvl-ex10_2.htm (EX-10.2) — 62KB
• scvl-ex31_1.htm (EX-31.1) — 13KB
• scvl-ex31_2.htm (EX-31.2) — 13KB
• scvl-ex32_1.htm (EX-32.1) — 7KB
• scvl-ex32_2.htm (EX-32.2) — 7KB
• 0000950170-24-104390.txt ( ) — 6536KB
• scvl-20240803.xsd (EX-101.SCH) — 698KB
• scvl-20240803_htm.xml (XML) — 1345KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) Condensed Consolidated Balance Sheets 3 Condensed Consolidated Statements of Income 4 Condensed Consolidated Statements of Shareholders' Equity 5 Condensed Consolidated Statements of Cash Flows 6 Notes to Condensed Consolidated Financial Statements 7 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 15 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 22 Item 4.

Controls and Procedures

Controls and Procedures 22 Part II Other Information Item 1A.

Risk Factors

Risk Factors 23 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 23 Item 5. Other Information 23 Item 6. Exhibits 23 Signature 24 2 SHOE CARNIVAL, INC.

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS SHOE CARNIVAL, INC. CONDENSED CONSOLID ATED BALANCE SHEETS Unaudited (In thousands, except share data) August 3, 2024 February 3, 2024 July 29, 2023 Assets Current Assets: Cash and cash equivalents $ 71,633 $ 99,000 $ 34,562 Marketable securities 12,831 12,247 12,218 Accounts receivable 5,519 2,593 3,961 Merchandise inventories 425,462 346,442 409,342 Other 21,651 21,056 25,281 Total Current Assets 537,096 481,338 485,364 Property and equipment – net 170,717 168,613 159,186 Operating lease right-of-use assets 337,926 333,851 339,598 Intangible assets 40,990 32,600 32,600 Goodwill 15,376 12,023 12,023 Other noncurrent assets 12,922 13,600 14,433 Total Assets $ 1,115,027 $ 1,042,025 $ 1,043,204 Liabilities and Shareholders' Equity Current Liabilities: Accounts payable $ 73,916 $ 58,274 $ 77,429 Accrued and other liabilities 30,204 16,620 19,999 Current portion of operating lease liabilities 55,870 52,981 57,335 Total Current Liabilities 159,990 127,875 154,763 Long-term portion of operating lease liabilities 304,578 301,355 307,326 Deferred income taxes 15,187 17,341 14,631 Deferred compensation 12,564 11,639 10,596 Other 4,213 426 369 Total Liabilities 496,532 458,636 487,685 Shareholders' Equity: Common stock, $ 0.01 par value, 50,000,000 shares authorized and 41,049,190 shares issued in each period, respectively 410 410 410 Additional paid-in capital 86,208 83,738 81,151 Retained earnings 746,996 714,647 683,875 Treasury stock, at cost, 13,875,495 shares, 13,919,326 shares and 13,689,493 shares, respectively ( 215,119 ) ( 215,406 ) ( 209,917 ) Total Shareholders' Equity 618,495 583,389 555,519 Total Liabilities and Shareholders' Equity $ 1,115,027 $ 1,042,025 $ 1,043,204

View Full Filing

View this 10-Q filing on SEC EDGAR