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Thursday, Apr 25, 2024

Shoe Pavilion Sales Up

Shoe Pavilion Inc., a shoe retailer in Sherman Oaks had an increase in preliminary unaudited net earnings, reporting $1.3 million or $0.17 cents per share for the fourth quarter of 2005 due to improved sales. Net sales in the fourth quarter of 2005 were $29.5 million. For the same period for fiscal 2004, Shoe Pavilion had preliminary unaudited net earnings of $1 million, or $0.14 per share on net sales of $24.8 million. For the full year of 2005, Shoe Pavilion preliminary unaudited net earnings rose to $2.7 million or $0.36 per share on sales of $36 million versus earnings in fiscal 2004 of $2.1 million or $0.30 per share on sales of $29.9 million.

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