Shoe Carnival, Inc. reported that sales for the five-week period ended July 2, 2005 increased 12.0% to $54.4 million from sales of $48.6 million for the year-ago period. Comparable store sales increased 6.7% in June 2005.
Sales for the first five months of 2005 increased 11.0% to $263.1 million from sales of $237.1 million for the first five months of 2004. Comparable store sales increased 6.1% for the twenty-two week period.
Based on the strength of June sales, the Company now expects diluted earnings per share to be $0.21 to $0.22 in the second quarter of 2005.
The Company also announced the opening a store in Brownsville, TX and the closing of a store in Virginia Beach, VA.
