Footwear maker K-Swiss declares Q2 results on July 28
28 Jul '05
5 min read
California based athletic footwear maker K-Swiss Inc announced results for the second quarter ended June 30, 2005.
Financial Highlights
Net earnings and net earnings per diluted share for the second quarter of 2005 increased 27.1 percent and 34.3 percent, respectively, to $16,765,000, or $0.47 per diluted share, compared with $13,188,000, or $0.35 per diluted share, in the prior-year period.
Net earnings and net earnings per diluted share for the six months ended June 30, 2005, increased 22.0 percent and 28.0 percent, respectively, to $42,629,000, or $1.19 per diluted share, compared with $34,956,000, or $0.93 per diluted share, at June 30, 2004.
For the second quarter of 2005, total worldwide revenues increased 17.2 percent to $126,474,000 compared with $107,904,000 in the prior-year period. Domestic revenues increased 7.5 percent to $95,099,000 in the second quarter, and international revenues increased 61.7 percent to $31,375,000.
Total worldwide revenues for the first six months of 2005 increased 7.6 percent to $279,617,000 compared with $259,924,000 in the first six months of 2004. Domestic revenues decreased 2.5 percent to $212,691,000 in the first half of 2005, while international revenues increased 59.9 percent to $66,926,000.
Futures Orders
Worldwide futures orders with start ship dates from July through December increased 12.3 percent to $185,181,000 at June 30, 2005, compared with $164,956,000 atJune 30, 2004. Domestic futures orders increased 1.9 percent to $137,464,000 at June 30, 2005, from $134,858,000 at June 30, 2004. International futures orders increased 58.5 percent to $47,717,000 at June 30, 2005, from $30,098,000 the previous year.
marketing@alchempro.com
