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