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K-Swiss Posts Loss of $731,000 in 2nd Quarter

REGIONAL EARNINGS

August 13, 1996

K-Swiss Inc. posted a second-quarter loss and a 75% decline in its six-months profits.

The Chatsworth-based sneaker company posted a loss of $731,000 in the second quarter that ended June 30, compared to a $1.5-million profit a year earlier. Revenues in the latest quarter fell 12% to $26.1 million, down from $29.7 million last year.

For the six-month period, K-Swiss saw its profits slide to $1.4 million, down from a $5.5 million profit a year ago. Six-month revenues dropped 17% to $60.4 million, compared to $72.5 million in revenues last year.

The company also noted that its start shipment dates for domestic and international orders between July and the end of this year fell $8.9 million compared to the same period a year ago.

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