Shoe Carnival Inc. is ramping up its online efforts as the coronavirus continues to keep its stores shuttered.The Evansville, Ind.-based retailer, which reported fourth-quarter earnings at yesterday's market close, logged earnings per diluted share of 24 cents, versus analysts' bets of 21 cents, on profits of $3.5 million. For the period ended Feb. 1, revenues improved 2.2% to $239.9 million, compared to forecasts of $238 million, and same-store sales advanced 3.2% from the prior year.Through March 10, comps rose 4.5%, exceeding the company's expectations. While it recorded a "significant" decline in brick-and-mortar traffic leading up to the closures of its stores last week due to COVID-19, Shoe Carnival noted that its e-commerce sales have "grown significantly." Over the past week, it said that a "steep acceleration" of online customer engagement drove triple-digit order increases on its site."In light of the current macro environment and our stores being temporarily closed, we are shifting resources and marketing initiatives from brick-and-mortar to e-commerce to further accelerate our online growth trends," president and chief customer officer Mark Worden said during the company's fourth-quarter conference call. "While these are very early days, I'm encouraged by the exceptional team effort to respond to the external challenges we are facing today."Last week, Shoe Carnival followed in the footsteps of many retailers that have announced store closures to help prevent the spread of COVID-19, which has sickened more than 69,000 people in the United States. Its outposts across the U.S. and in Puerto Rico remain shut down until April 2, and the company will continue to pay store associates during that period."The rapid spread of this virus has far-reaching implications for our global community," CEO Cliff Sifford said in the call. "Shoe Carnival has a long history of navigating through various difficult cycles, both good and bad. Our team is incredibly disciplined and able to move quickly as conditions change. In addition, we have always maintained a very strong financial position and balance sheets for times just like these."At the end of February, Shoe Carnival recorded $57 million in cash and a $50 million credit facility. The company said it would suspend share repurchases during the fiscal year but does not anticipate changes in its quarterly cash dividend policy. Its shares surged 12% after yesterday's market close.Want more?Shoe Carnival Is Shuttering All Stores as Coronavirus Concerns Take HoldShoe Carnival Stock Jumps on Raised GuidanceMore from Footwear News * Nordstrom Makes 'Most Difficult Decision' in 119-Year History, Will Furlough Some Corporate Employees * If You Were in the Market for a Job in Retail and Fashion Before the Coronavirus Crisis -- This Is What You Need to Know * This Is What Small Retailers Want From the $2 Trillion Stimulus Package

Unfortunately for some shareholders, the Shoe Carnival (NASDAQ:SCVL) share price has dived 35% in the last thirty...

Shoe Carnival (SCVL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Shoe Carnival Inc. shares rose roughly 8% in the extended session Wednesday after the company topped the consensus revenue estimates. The company reported fourth-quarter net income of $3.5 million, or 24 cents a share, compared with $1.4 million, or 9 cents a share, in the year-ago period. Revenue rose to $239.9 million from $234.7 million in the year-ago period. The four analysts surveyed by FactSet had estimated earnings of 21 cents a share on revenue of $238 million. The company said it was not providing guidance for 2020 and is not planning to buy back more of its stock. Shoe Carnival stock has fallen 36% in the past year, with the S&P 500 index falling 12.5%.

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Shoe Carnival Reports First Quarter Fiscal 2020 Results

Q4 2019 Shoe Carnival Inc Earnings Call

Shoe Carnival (SCVL) delivered earnings and revenue surprises of -17.17% and 6.42%, respectively, for the quarter ended April 2020. Do the numbers hold clues to what lies ahead for the stock?

SHOE CARNIVAL TO REPORT FIRST QUARTER FINANCIAL RESULTS ON MAY 20, 2020

Shoe Carnival, Inc. (NASDAQ:SCVL) shareholders might be concerned after seeing the share price drop 11% in the last...

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Shoe Carnival (SCVL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Today we'll evaluate Shoe Carnival, Inc. (NASDAQ:SCVL) to determine whether it could have potential as an investment...

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SHOE CARNIVAL REPORTS FOURTH QUARTER AND FISCAL YEAR 2019 FINANCIAL RESULTS

SHOE CARNIVAL TO REPORT FOURTH QUARTER AND FISCAL YEAR 2019 FINANCIAL RESULTS ON MARCH 25, 2020

All of the chain's stores were shuttered for roughly 50% of the quarter.

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