Shoe Carnival Sees Higher Q4 Earnings on Improved Sales

08:40 AM EST, 02/05/2021 (MT Newswires) -- Shoe Carnival (SCVL) said premarket Friday it expects Q4 earnings in the range of $0.50 to $0.52 per diluted share, up from $0.24 year ago. One analyst polled by Capital IQ expects $0.31.

The US footwear retailer said it also expects sales for the quarter ended Jan. 30 of $253.9 million, up from $239.9 million a year ago. Two analysts polled by Capital IQ expect $242.8 million.

"Due to the ongoing uncertainty created by COVID-19," the company said it isn't providing fiscal year 2021 guidance "at this time."

Q4 and full-year 2020 earnings results are set to be released by the company after the close of the market March 24.

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