Weeks of unrelenting US and Israeli strikes have severely weakened Iran — so why are its missiles still such a threat? Gerry Doyle explains why Tehran's longer-range weapons are harder to hit. (Source: Bloomberg)
Weeks of unrelenting US and Israeli strikes have severely weakened Iran — so why are its missiles still such a threat? Gerry Doyle explains why Tehran's longer-range weapons are harder to hit. (Source: Bloomberg)
Government-backed bank in talks about recompensing about 37,000 people whose money was misplaced UK politics live – latest updates Business live – latest updates National Savings & Investments is preparing to repay hundreds of millions of pounds to its customers over missing savings, in what is expected to be the single biggest payout in the bank’s 160-year history. The government-backed savings i...
Government-backed bank in talks about recompensing about 37,000 people whose money was misplaced UK politics live – latest updates Business live – latest updates National Savings & Investments is preparing to repay hundreds of millions of pounds to its customers over missing savings, in what is expected to be the single biggest payout in the bank’s 160-year history. The government-backed savings institution is in discussions with the Treasury to recompense about 37,000 people whose money has been misplaced due to historical failings. Continue reading...
Shoe Carnival press release ( SCVL ): Q4 GAAP EPS of $0.33. Revenue of $254.07M (-3.4% Y/Y). Shoe Station net sales grew 2.7 percent for Fiscal 2025, outperforming the family footwear industry for the third consecutive year. Annual gross profit margin exceeded 35 percent for the fifth consecutive year, increasing 100 basis points versus Fiscal 2024. Company ended Fiscal 2025 debt-free for the 21st...
Shoe Carnival press release ( SCVL ): Q4 GAAP EPS of $0.33. Revenue of $254.07M (-3.4% Y/Y). Shoe Station net sales grew 2.7 percent for Fiscal 2025, outperforming the family footwear industry for the third consecutive year. Annual gross profit margin exceeded 35 percent for the fifth consecutive year, increasing 100 basis points versus Fiscal 2024. Company ended Fiscal 2025 debt-free for the 21st consecutive year, with $130.7 million in cash, cash equivalents, and marketable securities. The Board of Directors approved a quarterly dividend increase to $0.17 per share, marking the 12th consecutive year of dividend increases. Fiscal 2026 Guidance The following guidance reflects the Company's current expectations for Fiscal 2026 and incorporates the revised rebanner plan, anticipated tariff cost increases, and the Company's deliberate inventory reduction strategy. Net sales: approximately down 1 percent to up 1 percent compared to Fiscal 2025 (vs. estimated growth of -1.67% Y/Y) , reflecting comparable store sales declines in the first half offset by improvement in the second half as 21 planned rebanners are completed and Shoe Station's growth continues. Gross profit margin: approximately 34 percent, a decline of approximately 260 basis points compared to Fiscal 2025. This reflects three factors: (1) tariff-related cost increases flowing through the cost of sales as pre-tariff inventory is sold and replaced with higher-cost goods; (2) the non-recurrence of the temporary price increase benefit realized in Fiscal 2025 when prices were raised in advance of cost increases; and (3) increased promotional activity required to improve inventory turns and reduce elevated inventory levels. The Company notes that Fiscal 2025 gross margins were elevated relative to the prior multi-year trend due to the timing of the temporary price increase benefit. Adjusted SG&A expenses: expected to decrease approximately $12 to $14 million versus Fiscal 2025, reflecting lower rebanner-related c...