Shoe Carnival reported that sales for the four-week period ended August 27, 2005 increased 7.3% to $81.8 million from sales of $76.2 million for the four-week period ended August 28, 2004. Comparable store sales increased 2.4% in August 2005.
Commenting on August sales, Mark Lemond, president and chief executive officer, stated “Our August sales seemed to prove out the theory that back-to-school shoppers are now waiting until closer to, or even after, the back-to-school date to purchase footwear. Although the first half of the month was slow, sales heated up in the second half, as expected, and we ended the month with a solid comparable store sales increase of 2.4 percent.”
Sales for the first seven months of 2005 increased 8.7 percent to $391.1 million from sales of $359.8 million for the first seven months of 2004. Comparable store sales increased 3.8 percent for the 30-week period.
