EVANSVILLE, Ind. - Shoe Carnival Inc. (NASDAQ: SCVL ) reported fourth-quarter earnings that beat expectations, but shares fell sharply after the footwear retailer issued weak guidance for the upcoming fiscal year. The company posted adjusted earnings per share of $0.54 for the quarter ended February 1, topping the analyst consensus of $0.47. However, revenue of $262.9 million missed estimates of $283.5 million. For fiscal 2025, Shoe Carnival forecast earnings per share of $1.60 to $2.10, well below Wall Street's expectation of $2.63. The company projects revenue of $1.15 billion to $1.23 billion, compared to the $1.22 billion analysts were expecting. The disappointing outlook sent shares tumbling 6.2% in after-hours trading following the earnings release. "We achieved the very top end of our annual profit guidance and drove solid sales growth despite a challenging economic landscape," said Mark Worden, President and CEO.