Shoe Carnival reports record earnings in Q4

17/03/2006

US footwear retailer Shoe Carnival, Inc. has reported sales and earnings for the fourth quarter and fiscal year ended January 28, 2006.

Net earnings for the 13-week fourth quarter increased 154% to a record $3 million from $1.2 million in the fourth quarter last year. Net sales for the fourth quarter increased 13.7% to $163.6 million from $143.9 million last year. Comparable store sales increased 11.7% for the 13-week period.

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 increased 11.1% to $655.6 million from $590.2 million for the prior year. Comparable store sales increased 6.9% for the 52-week period.