Shoe Carnival, Inc. (SCVL) 10-Year Financial Performance & Capital Metrics

SCVL • • Industrial / General

Consumer CyclicalApparel RetailFootwear-Focused RetailersFootwear Specialty Retailers

AboutShoe Carnival, Inc., together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers range of dress, casual, work, and athletic shoes, as well as sandals and boots for men, women, and children; and various accessories. As of January 29, 2022, it operated 372 stores in 35 states and Puerto Rico under the Shoe Carnival banner; and 21 locations across the Southeast under the Shoe Station banner. The company also sells its products through online shopping at shoecarnival.com, as well as through mobile application. Shoe Carnival, Inc. was founded in 1978 and is headquartered in Evansville, Indiana.Show more

Revenue $1.2B +2.3%
EBITDA $122M -1.7%
Net Income $74M +0.6%
EPS (Diluted) 2.68
Gross Margin 35.65% -0.6%
EBITDA Margin 10.16% -3.9%
Operating Margin 7.58% -6.8%
Net Margin 6.13% -1.7%
ROE 11.97% -9.5%
ROIC 7.83% -9.6%
Debt/Equity 0.57 -6.6%
Interest Coverage 290.29 -14.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Good 3Y average ROE of 15.9%
✓Healthy dividend yield of 2.8%
✓Trading at only 0.8x book value
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y2.49%

5Y3.02%

3Y-3.3%

TTM-6.22%

Profit (Net Income) CAGR

10Y11.2%

5Y11.44%

3Y-21.91%

TTM-22.44%

EPS CAGR

10Y15.4%

5Y12.92%

3Y-20.92%

TTM-22.79%

ROCE

10Y Avg13.9%

5Y Avg15.98%

3Y Avg13.38%

Latest9.56%

Peer Comparison

Footwear Specialty Retailers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SCVLShoe Carnival, Inc.	530.8M	19.39	7.24	2.3%	5.06%	8.47%	13.09%	0.57
GCOGenesco Inc.	396.74M	36.76	-20.42	0.02%	-1.03%	-4.37%	11.78%	1.12
DBIDesigner Brands Inc.	326.01M	7.78	-38.90	-2.14%	-0.06%	-0.55%	26.77%	4.56

Profit & Loss

	Jan 2016	Jan 2017	Feb 2018	Feb 2019	Feb 2020	Jan 2021	Jan 2022	Jan 2023	Feb 2024	Feb 2025
Sales/Revenue+	983.97M	1B	1.02B	1.03B	1.04B	976.76M	1.33B	1.26B	1.18B	1.2B
Revenue Growth %	0.05%	0.02%	0.02%	0.01%	0.01%	-0.06%	0.36%	-0.05%	-0.07%	0.02%
Cost of Goods Sold+	693.45M	711.87M	722.88M	720.66M	724.68M	696.78M	803.61M	794.07M	754.12M	774.09M
COGS % of Revenue	0.7%	0.71%	0.71%	0.7%	0.7%	0.71%	0.6%	0.63%	0.64%	0.64%
Gross Profit+	290.52M	289.24M	296.27M	308.99M	311.87M	279.98M	526.79M	468.16M	421.77M	428.79M
Gross Margin %	0.3%	0.29%	0.29%	0.3%	0.3%	0.29%	0.4%	0.37%	0.36%	0.36%
Gross Profit Growth %	0.06%	-0%	0.02%	0.04%	0.01%	-0.1%	0.88%	-0.11%	-0.1%	0.02%
Operating Expenses+	243.88M	251.32M	258.57M	259.23M	257.66M	258.12M	319.13M	321.72M	327.88M	337.64M
OpEx % of Revenue	0.25%	0.25%	0.25%	0.25%	0.25%	0.26%	0.24%	0.25%	0.28%	0.28%
Selling, General & Admin	243.88M	251.32M	258.57M	259.23M	257.66M	258.12M	319.13M	321.72M	327.88M	337.64M
SG&A % of Revenue	0.25%	0.25%	0.25%	0.25%	0.25%	0.26%	0.24%	0.25%	0.28%	0.28%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	46.63M	37.91M	37.7M	49.76M	54.21M	21.86M	207.65M	146.44M	95.58M	91.15M
Operating Margin %	0.05%	0.04%	0.04%	0.05%	0.05%	0.02%	0.16%	0.12%	0.08%	0.08%
Operating Income Growth %	0.11%	-0.19%	-0.01%	0.32%	0.09%	-0.6%	8.5%	-0.29%	-0.35%	-0.05%
EBITDA+	69.71M	61.61M	61.51M	71.6M	113.48M	79.99M	269.42M	217.41M	124.38M	122.22M
EBITDA Margin %	0.07%	0.06%	0.06%	0.07%	0.11%	0.08%	0.2%	0.17%	0.11%	0.1%
EBITDA Growth %	0.13%	-0.12%	-0%	0.16%	0.58%	-0.3%	2.37%	-0.19%	-0.43%	-0.02%
D&A (Non-Cash Add-back)	23.08M	23.7M	23.8M	21.84M	59.27M	58.12M	61.76M	70.96M	28.79M	31.07M
EBIT	46.67M	37.92M	37.7M	49.76M	54.94M	21.96M	207.68M	147.42M	96.42M	97.8M
Net Interest Income+	-129K	-163K	-288K	597K	539K	-315K	-454K	678K	2.63M	6.33M
Interest Income	39K	6K	4K	747K	730K	97K	24K	972K	2.92M	6.65M
Interest Expense	168K	169K	292K	150K	191K	412K	478K	294K	282K	314K
Other Income/Expense	-129K	-163K	-288K	597K	539K	-315K	-454K	678K	559K	6.33M
Pretax Income+	46.5M	37.75M	37.41M	50.36M	54.75M	21.55M	207.2M	147.12M	96.14M	97.49M
Pretax Margin %	0.05%	0.04%	0.04%	0.05%	0.05%	0.02%	0.16%	0.12%	0.08%	0.08%
Income Tax+	17.74M	14.23M	18.48M	12.22M	11.83M	5.56M	52.32M	37.05M	22.79M	23.72M
Effective Tax Rate %	0.62%	0.62%	0.51%	0.76%	0.78%	0.74%	0.75%	0.75%	0.76%	0.76%
Net Income+	28.77M	23.52M	18.93M	38.13M	42.91M	15.99M	154.88M	110.07M	73.35M	73.77M
Net Margin %	0.03%	0.02%	0.02%	0.04%	0.04%	0.02%	0.12%	0.09%	0.06%	0.06%
Net Income Growth %	0.13%	-0.18%	-0.19%	1.01%	0.13%	-0.63%	8.69%	-0.29%	-0.33%	0.01%
Net Income (Continuing)	28.77M	23.52M	18.93M	38.13M	42.91M	15.99M	154.88M	110.07M	73.35M	73.77M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.73	0.64	0.57	1.23	1.46	0.56	5.42	3.96	2.68	2.68
EPS Growth %	0.14%	-0.12%	-0.11%	1.16%	0.19%	-0.62%	8.68%	-0.27%	-0.32%	0%
EPS (Basic)	0.73	0.64	0.57	1.26	1.49	0.57	5.49	4.00	2.69	2.72
Diluted Shares Outstanding	38.85M	36.04M	32.45M	31M	29.37M	28.5M	28.6M	27.81M	27.41M	27.52M
Basic Shares Outstanding	38.83M	36.03M	32.44M	30.22M	28.85M	28.13M	28.23M	27.54M	27.23M	27.16M
Dividend Payout Ratio	0.18%	0.21%	0.25%	0.12%	0.13%	0.32%	0.05%	0.09%	0.17%	0.2%

Balance Sheet

	Jan 2016	Jan 2017	Feb 2018	Feb 2019	Feb 2020	Jan 2021	Jan 2022	Jan 2023	Feb 2024	Feb 2025
Total Current Assets+	370.08M	351.75M	320.59M	337.31M	329.65M	355.31M	442.03M	469.72M	481.34M	536.14M
Cash & Short-Term Investments	68.81M	62.94M	48.25M	67.02M	61.9M	106.53M	132.4M	62.97M	111.25M	123.11M
Cash Only	68.81M	62.94M	48.25M	67.02M	61.9M	106.53M	117.44M	51.37M	99M	108.68M
Short-Term Investments	0	0	0	0	0	0	14.96M	11.6M	12.25M	14.43M
Accounts Receivable	2.13M	4.42M	6.27M	1.22M	2.72M	7.1M	14.16M	3.05M	2.59M	9.02M
Days Sales Outstanding	0.79	1.61	2.25	0.43	0.96	2.65	3.88	0.88	0.8	2.74
Inventory	292.88M	279.65M	260.5M	257.54M	259.5M	233.27M	285.2M	390.39M	346.44M	385.61M
Days Inventory Outstanding	154.16	143.38	131.53	130.44	130.7	122.19	129.54	179.45	167.68	181.82
Other Current Assets	6.25M	4.74M	5.56M	11.53M	5.53M	8.41M	10.26M	13.31M	21.06M	18.41M
Total Non-Current Assets+	111.02M	106.73M	94.99M	80.69M	298.73M	287.44M	370.23M	520.06M	560.69M	587.99M
Property, Plant & Equipment	103.39M	96.22M	86.28M	70.61M	282.79M	267.96M	309.49M	460.05M	502.46M	516.35M
Fixed Asset Turnover	9.52x	10.40x	11.81x	14.58x	3.67x	3.65x	4.30x	2.74x	2.34x	2.33x
Goodwill	0	0	0	0	0	0	11.38M	12.02M	12.02M	18.02M
Intangible Assets	0	0	0	0	0	11.2M	32.6M	32.6M	32.6M	40.97M
Long-Term Investments	0	0	0	0	0	-11.2M	0	0	0	0
Other Non-Current Assets	472K	911K	536K	459K	8.11M	13.84M	14.06M	15.39M	13.6M	12.65M
Total Assets+	481.09M	458.48M	415.58M	418M	628.37M	642.75M	812.26M	989.78M	1.04B	1.12B
Asset Turnover	2.05x	2.18x	2.45x	2.46x	1.65x	1.52x	1.64x	1.28x	1.13x	1.07x
Asset Growth %	0.03%	-0.05%	-0.09%	0.01%	0.5%	0.02%	0.26%	0.22%	0.05%	0.08%
Total Current Liabilities+	87.93M	86.3M	56.78M	70.78M	122.51M	130.9M	153.71M	157.28M	127.88M	130.43M
Accounts Payable	72.09M	67.81M	41.74M	48.72M	60.66M	57.72M	69.09M	78.85M	58.27M	52.03M
Days Payables Outstanding	37.94	34.77	21.07	24.67	30.56	30.23	31.38	36.24	28.21	24.53
Short-Term Debt	0	0	0	0	43.15M	48.79M	51.56M	0	0	0
Deferred Revenue (Current)	0	0	0	0	1000K	1000K	1000K	0	0	0
Other Current Liabilities	4.57M	8.89M	6.45M	6.72M	-25.99M	-26.08M	-20.83M	15.47M	11.9M	22.96M
Current Ratio	4.21x	4.08x	5.65x	4.77x	2.69x	2.71x	2.88x	2.99x	3.76x	4.11x
Quick Ratio	0.88x	0.84x	1.06x	1.13x	0.57x	0.93x	1.02x	0.50x	1.05x	1.15x
Cash Conversion Cycle	117	110.23	112.7	106.2	101.1	94.61	102.04	144.08	140.28	160.02
Total Non-Current Liabilities+	53.36M	53.3M	51.49M	42.78M	208.5M	201.67M	206.02M	306.93M	330.76M	344.71M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	194.11M	182.62M	194.79M	285.07M	301.36M	314.97M
Deferred Tax Liabilities	0	0	0	0	56.93M	57.1M	59.4M	11.84M	17.34M	18.88M
Other Non-Current Liabilities	53.36M	53.3M	51.49M	42.78M	14.4M	19.05M	11.23M	10.01M	12.06M	10.86M
Total Liabilities	141.29M	139.6M	108.28M	113.57M	331.01M	332.57M	359.73M	464.21M	458.64M	475.14M
Total Debt+	0	0	0	0	237.25M	231.42M	246.35M	343.23M	354.34M	367.99M
Net Debt	-68.81M	-62.94M	-48.25M	-67.02M	175.35M	124.88M	128.91M	291.86M	255.34M	259.31M
Debt / Equity	-	-	-	-	0.80x	0.75x	0.54x	0.65x	0.61x	0.57x
Debt / EBITDA	-	-	-	-	2.09x	2.89x	0.91x	1.58x	2.85x	3.01x
Net Debt / EBITDA	-0.99x	-1.02x	-0.78x	-0.94x	1.55x	1.56x	0.48x	1.34x	2.05x	2.12x
Interest Coverage	277.58x	224.33x	129.11x	331.73x	283.82x	53.07x	434.42x	498.11x	338.94x	290.29x
Total Equity+	339.8M	318.88M	307.3M	304.43M	297.36M	310.18M	452.53M	525.57M	583.39M	649M
Equity Growth %	0.03%	-0.06%	-0.04%	-0.01%	-0.02%	0.04%	0.46%	0.16%	0.11%	0.11%
Book Value per Share	8.75	8.85	9.47	9.82	10.12	10.88	15.83	18.90	21.29	23.58
Total Shareholders' Equity	339.8M	318.88M	307.3M	304.43M	297.36M	310.18M	452.53M	525.57M	583.39M	649M
Common Stock	206K	206K	205K	205K	205K	205K	410K	410K	410K	410K
Retained Earnings	294.31M	312.64M	326.74M	360.44M	395.76M	406.65M	553.49M	653.45M	714.65M	773.35M
Treasury Stock	-21.52M	-59.24M	-85.1M	-131.85M	-178.52M	-175.56M	-182.04M	-211.72M	-215.41M	-215.14M
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jan 2016	Jan 2017	Feb 2018	Feb 2019	Feb 2020	Jan 2021	Jan 2022	Jan 2023	Feb 2024	Feb 2025
Cash from Operations+	58.55M	63.79M	40.35M	74.14M	66.95M	63.4M	147.89M	50.44M	122.76M	102.64M
Operating CF Margin %	0.06%	0.06%	0.04%	0.07%	0.06%	0.06%	0.11%	0.04%	0.1%	0.09%
Operating CF Growth %	0.02%	0.09%	-0.37%	0.84%	-0.1%	-0.05%	1.33%	-0.66%	1.43%	-0.16%
Net Income	28.77M	23.52M	18.93M	38.13M	42.91M	15.99M	154.88M	110.07M	73.35M	73.77M
Depreciation & Amortization	23.08M	23.7M	23.8M	21.84M	16.95M	16.11M	18.75M	23.2M	28.79M	31.07M
Stock-Based Compensation	3.7M	3.82M	5.02M	10.16M	6.49M	3.88M	5.53M	5.43M	4.89M	7.7M
Deferred Taxes	-3.04M	-1.38M	1.42M	-1.44M	2.62M	2.2M	2.94M	14.54M	5.5M	564K
Other Non-Cash Items	3.2M	4M	3.34M	-9.28M	45.06M	46.85M	48.98M	48.23M	55.86M	55.19M
Working Capital Changes	2.84M	10.13M	-12.16M	14.72M	-47.08M	-21.64M	-83.19M	-151.03M	-45.63M	-65.64M
Change in Receivables	588K	-2.29M	-951K	3.9M	-1.5M	-4.37M	-6.2M	11.41M	459K	-4.06M
Change in Inventory	-5M	13.23M	19.15M	2.96M	-1.96M	26.23M	-24.28M	-106.19M	43.95M	2.18M
Change in Payables	6.53M	-982K	-30.13M	12.69M	-36.47M	-35.97M	3.78M	925K	-22.21M	-10.53M
Cash from Investing+	-27.65M	-21.83M	-19.65M	-4.42M	-17.75M	-12.09M	-119.25M	-74.03M	-54.64M	-77.67M
Capital Expenditures	-27.9M	-21.83M	-19.65M	-7.41M	-18.5M	-12.4M	-31.39M	-77.29M	-56.28M	-33.16M
CapEx % of Revenue	0.03%	0.02%	0.02%	0.01%	0.02%	0.01%	0.02%	0.06%	0.05%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	250K	0	0	3M	750K	0	0	0	1.45M	0
Cash from Financing+	-23.47M	-47.83M	-35.38M	-50.96M	-54.32M	-6.67M	-17.73M	-42.48M	-20.49M	-15.29M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-5.04M	-5.03M	-4.82M	-4.76M	-5.67M	-5.13M	-8M	-9.97M	-12.19M	-14.71M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	90K	-418K	0	-327K	182K	-1.74M	-2.75M	-2.17M	-3.04M	-744K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	30.65M	41.96M	20.7M	66.73M	48.45M	51M	116.51M	-26.86M	66.47M	69.48M
FCF Margin %	0.03%	0.04%	0.02%	0.06%	0.05%	0.05%	0.09%	-0.02%	0.06%	0.06%
FCF Growth %	0.27%	0.37%	-0.51%	2.22%	-0.27%	0.05%	1.28%	-1.23%	3.48%	0.05%
FCF per Share	0.79	1.16	0.64	2.15	1.65	1.79	4.07	-0.97	2.43	2.52
FCF Conversion (FCF/Net Income)	2.04x	2.71x	2.13x	1.94x	1.56x	3.96x	0.95x	0.46x	1.67x	1.39x
Interest Paid	168K	170K	292K	150K	192K	392K	479K	303K	279K	283K
Taxes Paid	20.02M	14.7M	16.83M	13.42M	9.8M	3.14M	50.47M	23.93M	19.23M	21.19M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	8.57%	7.14%	6.05%	12.47%	14.26%	5.26%	40.61%	22.51%	13.23%	11.97%
Return on Invested Capital (ROIC)	12.93%	10.79%	10.98%	15.03%	11.45%	3.61%	30.64%	15.7%	8.66%	7.83%
Gross Margin	29.52%	28.89%	29.07%	30.01%	30.09%	28.66%	39.6%	37.09%	35.87%	35.65%
Net Margin	2.92%	2.35%	1.86%	3.7%	4.14%	1.64%	11.64%	8.72%	6.24%	6.13%
Debt / Equity	-	-	-	-	0.80x	0.75x	0.54x	0.65x	0.61x	0.57x
Interest Coverage	277.58x	224.33x	129.11x	331.73x	283.82x	53.07x	434.42x	498.11x	338.94x	290.29x
FCF Conversion	2.04x	2.71x	2.13x	1.94x	1.56x	3.96x	0.95x	0.46x	1.67x	1.39x
Revenue Growth	4.66%	1.74%	1.8%	1.03%	0.67%	-5.77%	36.2%	-5.12%	-6.84%	2.3%

Revenue by Segment

	2018	2019	2020
Athletics	533.89M	525.08M	520.4M
Athletics Growth	-	-1.65%	-0.89%
Non Athletics	446.91M	459.56M	399.86M
Non Athletics Growth	-	2.83%	-12.99%
Accessories	45.1M	48.4M	48.28M
Accessories Growth	-	7.32%	-0.25%
Other	3.75M	3.51M	8.22M
Other Growth	-	-6.19%	134.01%

Frequently Asked Questions

Valuation & Price

Shoe Carnival, Inc. (SCVL) has a price-to-earnings (P/E) ratio of 7.2x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Shoe Carnival, Inc. (SCVL) reported $1.14B in revenue for fiscal year 2024. This represents a 50% increase from $762.5M in 2011.

Shoe Carnival, Inc. (SCVL) grew revenue by 2.3% over the past year. Growth has been modest.

Yes, Shoe Carnival, Inc. (SCVL) is profitable, generating $57.9M in net income for fiscal year 2024 (6.1% net margin).

Dividend & Returns

Yes, Shoe Carnival, Inc. (SCVL) pays a dividend with a yield of 2.76%. This makes it attractive for income-focused investors.

Shoe Carnival, Inc. (SCVL) has a return on equity (ROE) of 12.0%. This is reasonable for most industries.

Shoe Carnival, Inc. (SCVL) generated $30.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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