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Earnings Analysis: 
Shoe Carnival Posts Record Third-Quarter Earnings
Author: Ivaylo Dagnev
123jump.com
Last Update: 9:30 AM EST November 17 2005



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Shoe Carnival, Inc., retailer of value-priced footwear and accessories, announced record sales and earnings for Q3. Net income rose 39.5% per share to 53 cents from 38 cents per share in the comparable period last year.

 
Shoe Carnival’s., (SCVL: chart), net sales for Q3 increased 12.3 % to a record $182.7 million from $162.7 million last year. Comparable store sales increased by 8.3 % for the 13-week period. Gross profit margin for latest quarter advanced to 29.5% from 29.1 % a year-ago. Selling, general and administrative expenses, as a percentage of sales, dropped to 23.1 % from 24.1 % for the comparable period.

The Children''s Place Retail Stores, Inc, (PLCE: chart), apparel and accessories retailer, reported Q3 net income of $1.02 a share, up from 65 cents a share in the year-earlier period, topping analyst estimate of 91 cents a share. If not for a one-off gain of $1.7 million, the company would have gained 96 cents a share. Sales for the quarter soared 57%. Same-store sales increased 6% over year-ago levels.

Vivendi Universal, (V: chart), French media and telecommunications group, stated Q3 profit from continuing operations dropped 36% to 894 million euros ($1.04 billion) from the year-ago quarter. Earnings without minority interests fell 36% to 647 million euros. Adjusted earnings went 17% down to 525 million euros. Sales for the period advanced 12% to 4.87 billion euros

Claire''s Stores, Inc, (CLE: chart), retailer, reported Q3 net profit jumped 40% to 38 cents a share, from the year-ago period. Sales rose 10% and same-store sales 9%, partly on the success of the retailer''s back-to-school merchandise. The group stated it sees Q4 earnings excluding tax costs in the range of 66 cents to 68 cents a share on sales up between 5% and 6%.

Limited Brands Inc, (LTD: chart), retailer, reported a Q3 loss of 3 cents per share, down from a year-ago profit of 16 cents per share on weakness in its apparel division, which led to steep markdowns on merchandise. Sales were flat at $1.89 billion. Same-store sales dropped about 3 %.

Williams-Sonoma, Inc, (WSM: chart), home products seller, announced that Q3 net income advanced 30% to 31 cents a share, on 14.5% revenue growth, beating analyst estimate of 30 cents a share. Comparable store sales increased 4.4% and footage advanced 10.6%.

Johnson Outdoors Inc, (JOUT: chart), outdoor recreation company, announced that Q4 net earnings improved to a net loss of 39 cents per share, up vs. a net loss of 44 cents per share for the prior year period. Sales rose to $77.1 million in Q4, an increase of 2% compared to $75.6 million for the same period last year.

The J. M. Smucker Co., (SJM: chart), jelly maker, posted Q2 net income of 79 cents a share, up 14% from 69 cents a share in the year-earlier period. The company reported a 3% rise in revenue to, missing analysts’ forecasts of 81 cents a share.
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