• Net earnings up 21% to $9.1m
  • Net sales rose 6.7% to $204.4m
  • Same-store sales up 7.2%

Value footwear retailer Shoe Carnival Inc has lifted its full-year sales and earnings guidance after posting a 21% jump in third quarter profit.

"We reported significant sales and earnings gains in the first two quarters and we were able to continue to capitalise on this positive momentum to achieve record third quarter earnings," said president and CEO Mark Lemond.

"The Shoe Carnival team worked together to improve our key financial metrics and produced results above our expectations, even though we were up against a record 10.2% comparable store sales increase in the third quarter of the prior year.

"We remain positive in regards to the opportunities for the fourth quarter, particularly with respect to our fashion boots. As a result, we are increasing our fiscal 2010 sales and earnings guidance."