Shoe Carnival, Inc. reported sales for the four-week period ended May 1, 2004 increased 3.8 percent to $48.6 million from sales of $46.8 million for the four-week period ended May 3, 2003. Comparable store sales decreased 4.6 percent in April 2004.
Sales for the thirteen-week period ended May 1, 2004 increased 6.3 percent to $145.5 million from sales of $136.9 million for the thirteen-week period ended May 3, 2003. Comparable store sales decreased 2.2 percent for the first quarter of 2004.
The Company noted it expects to come in at the upper end of its earnings guidance for the first quarter of $.31 to $.35 per diluted share. The results for the first quarter are expected to be released on May 13, 2004.
The Company also announced the opening in April of an additional store in the New Orleans, LA market.
