Shoe Carnival, Inc. A Financial Analysis

Date of Award

Spring 5-13-2022

Document Type

Project (696 or 796 registration)

Degree Name

Master of Science in Accounting & Finance


Graduate Studies

Committee Chair

Mohamed Elbannan


SCVL, BOOT, Shoe Carnival, Inc., Boot Barn Holdings, Inc., Financial


The target analysis company I chose to research and analyze was Shoe Carnival, Inc. (SCVL). SCVL is a family footwear retailer in the United States and is headquartered in Evansville, Indiana. SCVL was founded in 1978. The benchmark company I chose was Boot Barn Holdings, Inc (BOOT). BOOT is a footwear retailer that specializes in western and work-related footwear. BOOT is headquartered in Irvine, California and was founded in 1978. SCVL and BOOT both have the same Standard Industrial Classification Code (SIC) of 5561 – Shoe Stores. This SIC focuses in establishments in the retail sale of men’s, women’s, and children’s footwear. Examples in this category are retail footwear stores, retail athletic shoe stores, and retail shoe stores. I gathered and obtained the most recent six fiscal years of financial statements for both companies. I was able to analyze both companies financials in a financial analysis worksheet. Due to researching and analyzing the shoe store industry and financial statements of SCVL, I was able to conduct a financial analysis.

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