Shoe Pavilion announced comparable store net sales for the third quarter ended October 1 increased 7.8% versus the same period last year. Net sales for the third quarter increased 20.1% to $24.8 million from $20.7 million for the year-ago period.
Gross margins rose 130 basis points to 33.8% of sales versus 32.5% of sales in Q3 last year.
SHOE posted net income of $293,000, or 4 cents per diluted share, for Q3, compared to net income of $24,000 or 0 cents per diluted share, for the third quarter of 2004.
