Shoe Carnival sales for the four-week period ended May 28, 2005 increased 11.5% to $48.0 million from sales of $43.1 million for the four-week period ended May 29, 2004. Comparable store sales increased 7.1% in May.
Sales for the first four months of 2005 increased 10.7% to $208.7 million from sales of $188.5 million for the first four months of 2004. Comparable store sales increased 5.9% for the seventeen-week period.
Based on the strength of May sales, the Company now expects comparable store sales to increase between 3 and 5 percent in the second quarter of 2005. Previously, the Company had expected an increase of between 2 and 4 percent.
The Company also announced the opening of two stores during the month, one each in Augusta, GA, and Shreveport, LA.