Following this sale, Guthrie retains direct ownership of 21,576 shares in the company. The filing was signed by Patrick C. Edwards on behalf of Guthrie and was submitted to the SEC on December 4. While the stock shows volatile price movements, InvestingPro data reveals the company's strong financial health and impressive 11-year streak of dividend raises. Get deeper insights into insider trading patterns and access comprehensive analysis with InvestingPro's detailed research reports. While the stock shows volatile price movements, InvestingPro data reveals the company's strong financial health and impressive 11-year streak of dividend raises. Get deeper insights into insider trading patterns and access comprehensive analysis with InvestingPro's detailed research reports. Following this sale, Guthrie retains direct ownership of 21,576 shares in the company. The filing was signed by Patrick C. Edwards on behalf of Guthrie and was submitted to the SEC on December 4.
In other recent news, Shoe Carnival (NASDAQ:SCVL) Inc. reported a steady third quarter for 2024, meeting expectations despite challenges such as hurricanes and warm weather. The company's adjusted earnings per share (EPS) came in at $0.71, matching market predictions, and saw a slight year-over-year increase. However, the company's net sales experienced a minor decrease, while gross profit margins remained stable. The recent acquisition of Rogan's positively impacted the quarter's performance, contributing net sales of $22.3 million.
Shoe Carnival (NYSE:CCL) has revised its full-year net sales guidance to between $1.200 billion and $1.230 billion, maintaining its EPS guidance of $2.60 to $2.75. Despite a significant decrease in the boot category and a 4.1% fall in comparable store sales, the back-to-school season and athletics category performed well.
The company's re-bannering initiative is progressing, with plans to convert 25 more stores in the first half of fiscal 2025. These are the latest developments in Shoe Carnival's strategic initiatives to navigate through challenging market conditions.
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