Shoe Carnival posts 25% growth in Q1 net income

19/05/2006

US-based footwear and accessories retailer Shoe Carnival, Inc. has reported record sales and earnings for the first quarter ended April 29. Net earnings for the 13-week period increased 25% to $7.4 million compared with $5.9 million in the first quarter in 2005.

Net sales increased 4.8% to a first quarter record of $168.5 million from $160.7 million last year. Comparable store sales increased 4.1% for the 13-week period.