Shoe Carnival posts improved sales and earnings - footwearbiz: Leading

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Shoe Carnival posts improved sales and earnings

22/11/2006

US footwear and accessories retailer Shoe Carnival, Inc. has posted improved sales and earnings for its third quarter ended October 28. Net earnings for the 13-week quarter increased by 17% to $8.4 million compared with $7.2 million in the third quarter ended October 29, 2005.

Net sales for the quarter increased by 3.5% to $189.1 million from $182.7 million last year.

Net income for the first nine months of 2006 was $18.6 million compared with $15.8 million in the same period last year. Net sales increased by 2.5% to $504.4 million compared with $492.1 million last year.


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