Shoe Carnival sees record profit

March 15, 2007

Evansville-based Shoe Carnival Inc. today reported profit of $5.1 million in the fourth quarter ended Feb. 3, up from $3 million a year earlier. Sales rose 8.3 percent, to $177.2 million.

For the fiscal year, profit increased 26.5 percent, to $23.8 million, and sales grew 4 percent to $681.7 million.

Same-store sales fell 0.9 percent in the quarter and increased 1.5 percent on the year.

The shoe and apparel retailer said it hit record profit for the quarter and year, partly on a focus on women’s clothing.

Source: XMLFULL/XMLFull910.xml

Recent Articles by IBJ Staff

Comments powered by Disqus