Shoe Carnival reports sales increase

24/08/2005

US footwear chain Shoe Carnival, Inc. has announced increased sales and earnings for the second quarter ended July 30, 2005. Net income for the second quarter of fiscal 2005 increased 39% to $2.7 million compared with $1.9 million in the second quarter of fiscal 2004. Net sales increased 7.6% to $148.7 million from $138.1 million last year.

Mark Lemond, president and chief executive officer stated, "Our customers have responded well to the increased fashion content of our women's and men's non-athletic merchandise. Both of these categories have shown strong comparable sales increases for the second quarter and the year-to-date period. We are making significant progress towards our long-term goal of increasing our women's non-athletic sales to 28 to 30% of our total sales.”