Athletic footwear retailer K-Swiss Inc has announced results for the second quarter ended June 30, 2006.
Net earnings and net earnings per diluted share for the second quarter of 2006 increased 21.3% and 23.4%, respectively, to $20,334,000, or $0.58 per diluted share, compared with $16,765,000, or $0.47 per diluted share, in the prior-year period.
Net earnings and net earnings per diluted share for the six months ended June 30, 2006, increased 6.1% and 7.6%, respectively, to $45,244,000, or $1.28 per diluted share, compared with $42,629,000, or $1.19 per diluted share, at June 30, 2005.
For the second quarter of 2006, total worldwide revenues decreased 1.8% to $124,196,000 compared with $126,474,000 in the prior-year period. Domestic revenues decreased 14.7% to $81,114,000 in the second quarter, and international revenues increased 37.3% to $43,082,000.
Total worldwide revenues for the first six months of 2006 decreased 1.9% to $274,180,000 compared with $279,617,000 in the first six months of 2005. Domestic revenues decreased 13.3% to $184,498,000 in the first half of 2006, while international revenues increased 34.0% to $89,682,000.
Worldwide futures orders with start ship dates from July through December decreased 2.2% to $181,182,000 at June 30, 2006, compared with $185,181,000 at June 30, 2005. Domestic futures orders decreased 23.4% to $105,233,000 at June 30, 2006, from $137,464,000 at June 30, 2005. International futures orders increased 59.2% to $75,949,000 at June 30, 2006, from $47,717,000 the previous year.
marketing@alchempro.com
