Shoe Carnival Inc a leading retailer of value-priced footwear and accessories announced sales and updated earnings guidance for the thirteen-week third quarter ended November 3, 2007.
Sales for the thirteen-week period ended November 3, 2007 decreased 8.0 percent to $173.9 million from sales of $189.1 million for the thirteen-week period ended October 28, 2006. Comparable store sales declined 5.0 percent for the thirteen-week period ended November 3, 2007 compared with the thirteen-week period ended November 4, 2006.
Based on third quarter sales results, earnings are now expected to range from $0.32 to $0.33 per diluted share for the third quarter of 2007.
Conference Call:
Third quarter financial results will be released before the market opens on Tuesday, November 20, 2007. Later that day, at 2:00 p.m. Eastern time, the Company will host a conference call to discuss the third quarter results. The public can listen to the live webcast of the call by visiting Shoe Carnival's Investor Relations page.
While the question-and-answer session will be available to all listeners, questions from the audience will be limited to institutional analysts and investors. A replay of the webcast will be available on our website beginning approximately two hours after the conclusion of the conference call and will be archived for one year.
Shoe Carnival Inc
Shoe Carnival Comparable store sales decline in Q3
