Shoe Carnival Inc, a leading retailer of value-priced footwear and accessories, reported sales of $146.9 million for the thirteen-week period ended July 29, 2006 compared to sales of $148.7 million for the thirteen-week period ended July 30, 2005.
Comparable store sales decreased 1.0 percent for the second quarter of 2006.
Sales for the first six months of 2006 increased 1.9 percent to $315.4 million from sales of $309.4 million for the first six months of 2005. Comparable store sales increased 1.8 percent for the twenty-six week period.
Commenting on sales, Mark Lemond, President and CEO stated, "We continue to perform well with our men's and women's dress and casual product achieving respectable comparable store sales increases in the second quarter. However, sales of our athletic product were below expectations."
Based on the second quarter sales results, it now expects diluted earnings per share to be $0.20 or $0.21 for the second quarter of 2006.
The company also announced the opening of four stores and closed two during the second quarter. Second quarter financial results will be released before the market opens on Thursday, August 17, 2006.
Shoe Carnival is a chain of 265 footwear stores located in the Midwest, South and Southeast. Combining value pricing with an entertaining store format, Shoe Carnival is a leading retailer of name brand and private label footwear for the entire family.
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