DJ Shoe Carnival Up 4% After 4Q Sales Expectations
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.
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(END) Dow Jones Newswires
February 05, 2021 11:01 ET (16:01 GMT)
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