Footwear retailer Shoe Carnival to open new store in Brownsville
07 Jul '05
2 min read
Leading value-priced footwear and accessories retailer Shoe Carnival Inc reported the sales for the five-week period ended July 2, 2005 increased 12.0 percent to $54.4 million from sales of $48.6 million for the five-week period ended July 3, 2004. Comparable store sales increased 6.7 percent in June 2005.
Sales for the first five months of 2005 increased 11.0 percent to $263.1 million from sales of $237.1 million for the first five months of 2004. Comparable store sales increased 6.1 percent for the twenty-two week period.
Based on the strength of June sales, the Company now expects diluted earnings per share to be $0.21 to $0.22 in the second quarter of 2005.
The Company also announced the opening a store in Brownsville, TX and the closing of a store in Virginia Beach, VA.
To hear the telephone replay of Shoe Carnival Inc's pre-recorded June sales message, please dial 888-203-1112 followed by conference call I.D. number 611339 beginning July 7, 2005 at 7:30 a.m. Eastern time. The telephone replay will be available for one week.
Family footwear retailer Shoe Carnival operates 262 footwear chain 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. Headquartered in Evansville, IN, Shoe Carnival trades on the Nasdaq Stock Market under the symbol SCVL.
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