Shoe Carnival reported sales of $269.7 million for the third quarter ended Oct. 31, up from $254.7 million in the third quarter of fiscal 2014. On a same-store basis, they rose by 6 percent, representing the fifth consecutive quarter ly progress for the American shoe retail chain. The positive sales performance was driven by strong athletic and women's fashion boot sales throughout the quarter. Also, multi-channel sales initiatives drove higher quarterly conversion rates, average sales per transaction and units per transaction, the company said.
Net profit of $9.4 million was down from $10.8 million in the third quarter last year, although the gross profit margin of 30.1 percent was flat
The company opened six new stores during the quarter, all in the U.S., and closed two others. It expects to open overall 20 new stores and close 15 stores in fiscal 2015.
For the full fiscal year the company expects sales to be in the range of $980 million to $987 million, with sales on a same-store basis to increase by around 3.0 percent.