Shoe Carnival sales increase in May
US footwear retailer Shoe Carnival, Inc. has reported an 11.5% increase in sales for the four-week period ended May 28, 2005 to reach $48.0 million from sales of $43.1 million for the four-week period ended May 29, 2004. Comparable store sales increased 7.1% in May 2005.
Sales for the first four months of 2005 increased 10.7% to $208.7 million from sales of $188.5 million for the first four months of 2004. Comparable store sales increased 5.9% 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% in the second quarter of 2005. Previously, it had expected growth of between 2% and 4%.
The company also announced the opening of two stores during the month, one in
Shoe Carnival is a chain of 262 footwear stores located in the Midwest, South and Southeast of the
