Footwear maker K-Swiss declares Q2 results on July 28
28 Jul '05
5 min read
Steven Nichols, Chairman of the Board and President, stated, "The highlights for this quarter were continued strong international operations, particularly in Europe, and better-than-expected domestic at-once sales. They are also on schedule for the launch of L.A.M.B. footwear this month in high-end boutiques and better department stores and have sustained momentum in their Classics with important domestic and international customers.
While company is pleased with the record second quarter results, the magnitude of the year-over-year increase was enhanced by the easier comparison due to the implementation of our direct delivery shipping program to customers in the second quarter of 2004 that moved about $10 million of sales from the second quarter to the third quarter of 2004. Conversely this situation makes the current third quarter comparison to the prior year more difficult."
Investor Conference Call and Web Simulcast
K-Swiss will conduct a conference call on its second quarter 2005 earnings release on July 28, 2005, at 10:00 a.m. EDT. The number to call for this interactive teleconference is (913) 981-5510. A replay of this conference call will be available until August 4, 2005, by dialing (719) 457-0820 and entering the passcode, 8187384.
The Company will also provide an online Web simulcast and rebroadcast of this conference call. The live broadcast of K-Swiss' quarterly conference call will be available online at www.streetevents.com and www.earnings.com on July 28, 2005, beginning at 10:00 a.m. EDT. The online replay will follow shortly after the call and continue through August 11, 2005.
K-Swiss Inc designs, develops and markets an array of athletic footwear for high performance sports use, fitness activities and casual wear under the K-Swiss brand. The Company also designs and manufactures footwear under the Royal Elastics brand. Royal Elastics, a wholly owned subsidiary, is the leading innovator of slip-on, laceless footwear.
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