Shoe Carnival Jan '06 sales boosts 14.1%

02 Feb '06
2 min read

Leading retailer of value-priced footwear and accessories Shoe Carnival Inc has reported that sales for the four-week period ended January 28, 2006 increased 14.1 percent to $39.0 million from sales of $34.2 million for the four-week period ended January 29, 2005. Comparable store sales increased 11.8 percent in January 2006.

Sales for the thirteen-week period ended January 28, 2006 increased 13.7 percent to $163.6 million from sales of $143.9 million for the thirteen-week period ended January 29, 2005. Comparable store sales increased 11.7 percent for the fourth quarter of 2005.

Sales for fiscal year 2005 increased 11.1 percent to $655.6 million from sales of $590.2 million for fiscal year 2004. Comparable store sales increased 6.9 percent for the fifty-two week period.

Mark Lemond, President and Chief Executive Officer, said, "A double-digit comparable store sales increase in January provided a fitting close to the best sales and earnings year ever at Shoe Carnival. Our sales increases of 11.7 for the fourth quarter and 6.9 percent for the 2005 fiscal year represent the largest quarterly and annual comparable store sales increases in the company's history.

"We are also pleased that each of our major product categories achieved at least a mid-single digit sales increase for January and the fourth quarter. Additionally, each category recorded a positive sales increase for the year, led by a mid-teens increase in our women's non-athleticcategory."

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