Shoe Carnival reports record earnings

12/04/2006

US-based footwear and accessories retailer Shoe Carnival, Inc. has published record sales and earnings figures for the fourth quarter and fiscal year ended January 28, 2006.

Net earnings for the 13-week fourth quarter increased 154% to $3 million from $1.2 million in the fourth quarter last year, whilst net earnings for the 52-week 2005 fiscal year increased 50% to $18.8 million from $12.5 million for the 2004 fiscal year.

Net sales for the fourth quarter increased 13.7% to $163.6 million from $143.9 million last year and comparable store sales increased 11.7% for the 13-week period. For the 52-week period, net sales increased 11.1% to $655.6 million from $590.2 million in fiscal 2004. Comparable store sales increased 6.9% for the 52-week period.