DJ Shoe Carnival Up 4% After 4Q Sales Expectations

· 02/05/2021 11:01

By Michael Dabaie

Shoe Carnival Inc. shares were up 4% to $50.26 in late morning trading.

The company said before the market open Friday it expects fourth-quarter sales of $253.9 million vs. $239.9 million the same period last year. The FactSet consensus of two estimates is for $242.8 million.

The footwear retailer said it sees comparable-store sales up 6.4% for the period, compared to a 3.2% increase last year.

Shoe Carnival said it expects a fourth-quarter profit of 50 cents to 52 cents a share, compared to last year's 24 cents a share. One FactSet estimate is for 31 cents.

The company plans to release results March 24 after the market close.

Write to Michael Dabaie at michael.dabaie@wsj.com

(END) Dow Jones Newswires

February 05, 2021 11:01 ET (16:01 GMT)