Shoe Carnival, Inc. reported that sales for the thirteen-week period ended November 3 decreased 8.0% to $173.9 million, compared to sales of $189.1 million for the thirteen-week period ended October 28, 2006. Comparable store sales declined 5.0% for the thirteen-week period ended November 3, 2007 compared with the thirteen-week period ended November 4, 2006.
Based on third quarter sales results, earnings are now expected to range from 32 cents to 33 cents per diluted share for the third quarter of 2007. The company posted earnings of 61 cents per dilted share in the prior year period.
