Shoe Carnival announces Q2 results, net income increases 39%
23 Aug '05
5 min read
Shoe Carnival now anticipates an increase in comparable store sales for the third quarter of 1 to 3 percent. Diluted earnings per share are expected to be between $0.43 and $0.45 for the third quarter compared to $0.38 for the third quarter of 2004. Diluted earnings per share for the full year of 2005 are anticipated to be between $1.20 and $1.25.
Store Growth
During the first half of 2005 12 new stores were opened, 7 of which were opened in the second quarter and 1 store was closed. An additional 3 stores are expected to open in the second half of 2005. The Company expects to close 7 stores during the last two quarters of this year, two of which will be closed in the last week of the fiscal year.
Conference Call
At 2:00 p.m. Eastern time, the Company will host a conference call to discuss the second quarter results. The public can listen to the live webcast of the call by visiting Shoe Carnival's Investor Relations page of company website.
Shoe Carnival is a chain of 266 footwear stores located in the Midwest, South and Southeast. It operates specialty retail shoe stores offering variety of family footwear. Combining value pricing with an entertaining store format, Shoe Carnival is a leading retailer of name brand and private label footwear for the entire family.
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