Shoe Carnival, Inc. (NASDAQ:SCVL) Q3 2022 Earnings Call Transcript

Jim Chartier: Great, thank you.

Operator: The next question comes from the line of Sam Poser with William’s Trading.

Sam Poser: I have two follow-up questions. One, we recently, or in the last week or so saw a buy one, get one on some boots. It looked like they were brands I didn’t recognize, so was that one of those planned events, Carl, that we just saw online, that it looked around 11/11 or something like that?

Carl Scibetta: You are correct, Sam. That was a planned promotion on a select group of boots, and they were purchased specifically for that promotion, as we have done in the past.

Sam Poser: Okay, and Mark–or both Mark and Kerry, I think that you said a couple stores from Shoe Station moved from Q4 to Q1 – is that correct?

Mark Worden: That’s correct, Sam. We moved two out of the end of January into Q1 so we could ensure that we opened them with our new store prototype versus have it outdated and have to remodel it down the future.

Sam Poser: So there was no impact from that, or de minimis impact from that store opening change to the widening of the guidance for Shoe Station?

Mark Worden: Nothing material, no. It was going to open the last week of the fiscal. We were just being transparent that the store count, that we had said would be 400, is now going to be 398 with those two moving out shortly to meet the prototype.

Sam Poser: Got you, okay. Thank you very much.

Mark Worden: Thank you Sam.

Operator: At this time, there are no further questions. I would like to turn the call back over to Mark Worden for closing remarks.

Mark Worden: I’d like to thank you all for joining our Q3 call and wish you all a very happy Thanksgiving ahead, and a safe and healthy holiday. We look forward to talking to you all again at our Q4 year-end call.

Operator: This concludes today’s conference. You may now disconnect.