Shoe Carnival (SCVL) Annual Income Statement

Income Statement Summary

Shoe Carnival (SCVL) annual income statement covering fiscal 2018 through 2023, as reported to the SEC.

Shoe Carnival reported net sales of $1.26B in fiscal 2023, down 5.1% from $1.33B in fiscal 2022.
Gross profit was $468.16M, down 11.1% from $526.79M. That is a gross margin of 37.1%.
Operating income was $146.44M, down 29.5% from $207.65M. Operating margin was 11.6%.
Net income was $110.07M, down 28.9% from $154.88M. Net margin was 8.7%.
Diluted earnings per share was $3.96, down 26.9% from $5.42.
Cost of revenue took 62.9% of net sales and selling, general and administrative expenses 25.5%.

Net sales have grown 4.4% a year on average since fiscal 2018, from $1.02B to $1.26B.

An income statement shows what a company sold and what it cost to run the business, ending with the profit left over.

Figures in USD thousands, except per share data

						Jan'23	Jan'22	Jan'21	Feb'20	Feb'19	Feb'18
Net sales
1,262,235	1,330,394	976,765	1,036,551	1,029,650	1,019,154	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Net sales						1,262,235	1,330,394	976,765	1,036,551	1,029,650	1,019,154	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Cost of sales (including buying, distribution and occupancy costs)
794,071	803,607	696,783	724,682	720,658	722,885	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Cost of sales (including buying, distribution and occupancy costs)						794,071	803,607	696,783	724,682	720,658	722,885	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Gross profit
468,164	526,787	279,982	311,869	308,992	296,269	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Gross profit						468,164	526,787	279,982	311,869	308,992	296,269	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Selling, general and administrative expenses
321,720	319,133	258,117	257,660	259,232	258,568	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Selling, general and administrative expenses						321,720	319,133	258,117	257,660	259,232	258,568	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Operating income
146,444	207,654	21,865	54,209	49,760	37,701	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Operating income						146,444	207,654	21,865	54,209	49,760	37,701	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Interest income
972	24	97	730	747	4	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Interest income						972	24	97	730	747	4	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Interest expense
294	478	412	191	150	292	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Interest expense						294	478	412	191	150	292	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Income before income taxes
147,122	207,200	21,550	54,748	50,357	37,413	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Income before income taxes						147,122	207,200	21,550	54,748	50,357	37,413	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Income tax expense
37,054	52,319	5,559	11,834	12,222	18,480	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Income tax expense						37,054	52,319	5,559	11,834	12,222	18,480	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Net income
110,068	154,881	15,991	42,914	38,135	18,933	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Net income						110,068	154,881	15,991	42,914	38,135	18,933	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Net income per share:
Basic
4.00	5.49	0.57	1.49	2.51	1.15	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Basic						4.00	5.49	0.57	1.49	2.51	1.15	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Diluted
3.96	5.42	0.56	1.46	2.45	1.15	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Diluted						3.96	5.42	0.56	1.46	2.45	1.15	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Weighted average shares:
Basic
27,543	28,233	28,133	28,854	15,111	16,220	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Basic						27,543	28,233	28,133	28,854	15,111	16,220	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Diluted
27,812	28,596	28,496	29,372	15,499	16,227	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Diluted						27,812	28,596	28,496	29,372	15,499	16,227	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Cash dividends declared per share
-	-	-	-	-	-	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Cash dividends declared per share						-	-	-	-	-	-	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx