Shoe Carnival, Inc. SCVL a leading retailer of value-priced footwear and accessories, today announced net sales and earnings for the third quarter ended October 30, 2010.
Net sales for the third quarter of 2010 increased 6.7 percent to $204.4 million from $191.5 million for the third quarter of 2009. Comparable store sales for the thirteen-week period ended October 30, 2010 increased 7.2 percent.
Net earnings for the third quarter increased 21 percent to $9.1 million compared to $7.5 million for the third quarter of 2009. Diluted earnings per share for the quarter increased 19 percent to $0.70 compared to $0.59 in the prior year third quarter.
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