Shoe Carnival Inc. provided earnings guidance for the fourth quarter and year ending February 2, 2013. The company expects fourth quarter net sales to be in the range of $212 million to $214 million with a comparable store sales increase of approximately 1.0%. Earnings per diluted share in the fourth quarter of fiscal 2012 are expected to be in the range of $0.20 to $0.22. In the fourth quarter of fiscal 2011, comparable store sales decreased 3.0% and the company earned $0.16 per diluted share.

For fiscal 2012, the company expects net sales to be in the range of $861 million to $863 million and comparable store sales to increase approximately 4.5%. Earnings per diluted share for fiscal 2012 are expected to be in the range of $1.48 to $1.50. This annual earnings per diluted share in the represents a 13.0% to 14.5% increase over last year's earnings per diluted share. For fiscal 2011, comparable store sales increased 0.7% and earnings per diluted share were $1.31.