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Shoe Carnival comp sales grow 21.2%

07
Nov '05
Evansville based leading retailer value-price footwear and accessories retailer Shoe Carnival Inc reported that sales for the four-week period ended October 29, 2005 increased 24.3 percent to $49.8 million from sales of $40.0 million for the four-week period ended October 30, 2004. Comparable store sales increased 21.2 percent in October 2005.

Sales for the thirteen-week period ended October 29, 2005 increased 12.3 percent to $182.7 million from sales of $162.7 million for the thirteen-week period ended October 30, 2004. Comparable store sales increased 8.3 percent for the third quarter of 2005.

Sales for the first nine months of 2005 increased 10.3 percent to $492.1 million from sales of $446.3 million for the first nine months of 2004. Comparable store sales increased 5.5 percent for the thirty-nine week period.

Based on the October sales performance, the Company now expects diluted earnings per share to be $0.52 or $0.53 for the third quarter of 2005.

The Company will release its third quarter financial results on Thursday, November 17, 2005.

The Company also announced the opening of two stores during the month, one each in Sioux City, IA and Chesapeake, VA.

Shoe Carnival is a chain of 265 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.

Shoe Carnival Inc


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