Shoe Carnival's Q4 earning surges 154% due to lower expenses
17 Mar '06
1 min read
Leading retailer of value-priced footwear and accessories, Shoe Carnival, Inc announced sales and earnings for the fourth quarter and fiscal year ended January 28, 2006.
Fourth Quarter Results
Net earnings for the 13-week fourth quarter increased 154 percent to $3.0 million from net earnings of $1.2 million in the fourth quarter last year.
Diluted earnings per share increased to $0.22 per share from $0.09 per share last year.
Net sales for the fourth quarter increased 13.7 percent to $163.6 million from $143.9 million last year.
Comparable store sales increased 11.7 percent for the 13-week period.
Shoe Carnival is a chain of 263 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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