For the fourth quarter, Shoe Pavilion, Inc. saw comparable store sales increase 5.5% on top of a 14.7% jump last year. Net sales for the quarter increased 18.9% to $29.5 million from $24.8 million for the same period last year.
Unaudited net income increased 27.3% to $1.3 million from $1.0 million during last years fourth quarter. Diluted earnings per share were 17 cents for the most recent quarter, up from 14 cents per share in the year-ago.
For the full year, comparable store sales increased 6.9% after increasing 3.9% last year. Net sales for the year increased 19.5% or $102.5 million from $85.8 million last year.
For all of fiscal 2005, the company reported net income of $2.7 million or 36 cents per diluted share compared to $2.1 million or 30 cents per diluted share for the same period last year.