Footwear retailer Shoe Carnival May sale rise 11.5 %

03 Jun '05

2 min read

Leading value-priced footwear & accessories retailer Shoe Carnival Inc reported sales for the four-week period ended May 28, 2005 which increased 11.5 percent to $48.0 million from sales of $43.1 million for the four-week period ended May 29, 2004. Comparable store sales increased 7.1 percent in May 2005.

Sales for the first four months of 2005 increased 10.7 percent to $208.7 million from sales of $188.5 million for the first four months of 2004. Comparable store sales increased 5.9 percent for the seventeen-week period.

Based on the strength of May sales, the Company now expects comparable store sales to increase between 3 and 5 percent in the second quarter of 2005. Previously, the Company had expected an increase of between 2 and 4 percent.

The Company also announced the opening of two stores during the month, one each in Augusta, GA, and Shreveport, LA.

To hear the telephone replay of Shoe Carnival Inc's pre-recorded May sales message, please dial 888-203-1112 followed by conference call I.D. number 611339 beginning June 2, 2005 at 7:30 a.m. Eastern time. The telephone replay will be available for one week.

Shoe Carnival is a chain of 262 footwear stores located in the Midwest, South and Southeast. Combining value pricing with an entertaining store format. The Headquartered in Evansville, IN, Shoe Carnival trades on the NASDAQ Stock Market under the symbol SCVL.

Shoe Carnival

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