Shoe Carnival lowers FY23 EPS view to $2.65-$2.75 from $3.10- $3.25

FY23 consensus $3.03. Lowers FY23 revenue view to $1.16B-$1.18B from $1.19B-$1.21B, consensus $1.19B. Lowers FY23 comparable store sales view to (9.5%)-(8.5%) from (8%)-(6%). A softer than expected start to the fall seasonal categories has continued into November. In addition, there is uncertainty regarding customer holiday shopping and broader macro-economic conditions remain volatile.