Discount footwear retailer Shoe Carnival Inc has posted a third quarter profit of $5.5 million, compared to $4.96m recorded for the same period in 2002.

The Indiana-based company, which also saw third quarter sales climb 11 per cent year-on-year to $152.4m, attributed the rise to improved full-priced sales and better inventory control.

Same-store sales for the chain rose a marginal 0.3 per cent year-on-year.