Athletic footwear gives Shoe Carnival a boost
Footwear
and accessories retailer Shoe Carnival, Inc. has posted earnings of
$977,000 for its second quarter ended August 2 compared with $167,000
in the same quarter last year.
Sales for the quarter were
$158.5 million compared with $154.8 million in the prior-year period.
Comparable store sales for the thirteen-week period ended August 2,
2008 decreased fell 1%.
Net
income for the first half of 2008 was $5.8 million compared with $7.5
million in the first half of last year. Net sales for the first six
months totalled $320.6 million compared with $320.5 million.
Mark
Lemond, chief executive officer and president said: “We were able to
increase the average realised price for our footwear, particularly
within our adult and children's athletic categories. This price
increase resulted in the second consecutive quarter of an increase in
athletic footwear sales in comparable stores.”
