Shoe Carnival, Inc. reported sales for the fourth quarter ended February 3, 2007, increased 8.3% to $177.2 million from $163.6 million for the same quarter last year. Comparable store sales for the thirteen-week period ended January 27, 2007 decreased 0.9%.
The fourth quarter of fiscal 2006 includes 14 weeks compared to 13 weeks in the fourth quarter of fiscal 2005 and the full fiscal year of 2006 includes 53 weeks compared with 52 weeks in the full fiscal year of 2005.
Sales for the 53-week 2006 fiscal year ended February 3, 2007, increased 4.0% to $681.7 million from sales of $655.6 million for the 52-week 2005 fiscal year ended January 28, 2006. Comparable store sales for the 52-week period ended January 27, 2007 increased 1.5%.
The company continues to expect diluted earnings per share to be 36 cents to 38 cents for the fourth quarter of 2006 and $1.72 to $1.74 for the full fiscal year. This compares to earnings per diluted share last year of 22 cents in the fourth quarter and $1.40 for the full fiscal year.
The company also announced the opening of two stores and the closing of one store during the fourth quarter.
