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K Swiss Inc

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November 3, 1998 | BARBARA MURPHY
K-Swiss Inc. in Westlake Village announced third-quarter net earnings for the quarter ended Sept. 30 of just over $3 million or 53 cents per diluted share, an increase of 76.8% from the same quarter a year earlier, when net income was $1.7 million or 29 cents per diluted share. Revenues for the quarter increased 16.4% to $38.2 million, from $32.8 million the previous year. K-Swiss designs athletic footwear for high-performance sports use and fitness activities.
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BUSINESS
April 30, 2008 | From Times Wire Services
Shoe retailer K-Swiss Inc. posted a sharply lower first-quarter profit as a slight rise in international sales couldn't offset a drop in domestic sales and rising costs. Net income declined 60% to $7.1 million, or 20 cents a share, from $18 million, or 51 cents, a year earlier. Sales fell 16% to $102.9 million. Analysts polled by Thomson Financial forecast a profit of 20 cents a share and sales of $101 million. Domestic revenue declined 33.6% to $41.4 million while international sales rose 2.1% to $61.5 million.
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BUSINESS
August 3, 1993
K-Swiss Inc. said it had a second-quarter profit of $3.1 million, up 40% from the $2.2 million earned in the same period last year. The Chatsworth-based designer of athletic shoes said increases in sales of its Classic shoes line and expanded profit margins from reduced factory costs led to the boost in profits. K-Swiss said sales increased 17% to $38.3 million for the quarter ended June 30, compared to $32.8 million the year before. For the first half of the year, K-Swiss earned $6.
BUSINESS
July 28, 2006 | From the Associated Press
K-Swiss Inc., an athletic and fashion footwear maker, said second-quarter profit rose 21% as the company tightened expenses to offset soft domestic sales. Earnings rose to $20.3 million, or 58 cents a share, from $16.8 million, or 47 cents, a year earlier. But revenue fell almost 2% to $124.2 million. The per-share profit beat Wall Street's estimate of 46 cents, but the company missed revenue expectation of $130.5 million, according to a Thomson Financial poll of analysts.
CALIFORNIA | LOCAL
October 24, 2000
K-Swiss Inc., Westlake Village, reported earnings of $6.35 million for the third quarter ended Sept. 30, down from $9.34 million for the third quarter last year. Revenue fell to $60.5 million from $80.1 million. K-Swiss manufactures and markets sports shoes.
CALIFORNIA | LOCAL
September 7, 1999
K-Swiss Inc., Westlake Village, announced that the board of directors has declared a quarterly cash dividend of $0.015 per share for the third quarter ending Sept. 30. The dividend, which equates to an annual rate of $0.06 per share, is payable Oct. 15 to shareholders of record as of Sept. 30. The quarterly cash dividend rate represents a 50% increase over the prior year. In February, the company announced a two-for-one stock split and a subsequent increase in the quarterly dividend from $0.
CALIFORNIA | LOCAL
October 19, 1999
K-Swiss Inc., Westlake Village, reported net earnings for the third quarter ended Sept. 30 of $9.3 million, up from net earnings of $3.03 million for the same period last year. Revenue increased to $80.1 million from $38.2 million. K-Swiss designs and markets athletic footwear for sports, fitness and children's markets.
CALIFORNIA | LOCAL
April 25, 2000
K-Swiss Inc. in Westlake Village reported net income for the first quarter ended March 31 of $7.3 million compared with $13.3 million for the same period the previous year. Revenue dropped to $71.5 million compared with $88.6 million. K-Swiss designs and markets athletic shoes.
CALIFORNIA | LOCAL
October 12, 1999
K-Swiss Inc., Westlake Village, announced authorization by the board of directors to repurchase up to $25 million worth of the company's Class A common stock. Last year, the company bought back $20 million in common stock. The company's share price has dropped about 20% over the last three months. K-Swiss designs and markets athletic footwear for sports and fitness activities and for children.
BUSINESS
April 30, 1996
K-Swiss Inc., a Chatsworth supplier of athletic footwear, reported a 47% decline in its first-quarter earnings. In the three months that ended March 31, K-Swiss had a profit of $2.13 million, while its revenue fell 20% to $34.4 million. A year earlier, the company earned $4.03 million on revenue of $42.8 million.
BUSINESS
October 28, 2005 | From Times Wire Services
K-Swiss Inc., a Westlake Village-based athletic shoe maker, said third-quarter profit rose 2%, but a fourth-quarter forecast that came in below analysts' targets sent its shares falling $2.53, or 8%, to $29.53. K-Swiss said fourth-quarter profit would range from 22 cents to 26 cents a share; analysts were expecting 28 cents. In the third quarter, K-Swiss reported net income of $21.1 million, or 59 cents a share, compared with $20.7 million, or 57 cents, a year earlier.
BUSINESS
October 29, 2004 | Julie Tamaki
K-Swiss Inc. reported a 37% jump in third-quarter profit in part because of strong sales in Europe and Asia. The Westlake Village-based maker of sports footwear earned $20.7 million, or 57 cents a share, compared with $15.1 million, or 40 cents, a year earlier. Analysts had forecast a per-share profit of 35 cents for the third quarter, according to Thomson First Call. Revenue rose 12% to $135.8 million.
BUSINESS
April 29, 2004 | From Bloomberg News
K-Swiss Inc., an athletic-shoe maker that split its shares and doubled its dividend in December, cut its 2004 profit and sales forecasts after orders from Foot Locker Inc. dropped. Its shares fell 21%. K-Swiss expects to earn $1.40 to $1.50 a share this year, down from its earlier forecast of $1.50 to $1.65, on sales of $460 million to $480 million. The company reported net income of $1.32 a share on sales of $429.2 million in 2003. Shares of Westlake Village-based K-Swiss fell $5.06 to $19.
BUSINESS
December 12, 2003 | From Bloomberg News
Athletic footwear maker K-Swiss Inc. said it would split its shares 2 for 1 and double its dividend after the company's stock price and profit surged this year. The Westlake Village-based company will split its Class A and Class B shares for investors of record Dec. 22. The annual dividend will rise to 8 cents a share, beginning with the fourth-quarter payment on Jan. 15 to shareholders of record Dec. 31.
BUSINESS
May 30, 2001 | SARAH HALE, TIMES STAFF WRITER
Athletic shoemaker K-Swiss Inc., known for its canvas and leather tennis shoes, announced plans Tuesday to branch into the adventure-oriented market, producing and distributing a collection of National Geographic-licensed footwear. After months of negotiations, the company formed a joint venture with footwear designer Rugged Shark of Lighthouse Point, Fla., to launch a full-scale line of outdoor and casual men's, women's and children's shoes.
BUSINESS
April 28, 2001 | JERRY HIRSCH, TIMES STAFF WRITER
K-Swiss Inc., the Westlake Village-based athletic shoe maker, on Friday announced lower earnings and an expected decline in future profit. Analysts attributed the decline to an effort by a big retailer to shift more of the risk of carrying inventories to shoe manufacturers. The admission by K-Swiss that it missed Wall Street's profit estimates and that future earnings won't match expectations sent its shares tumbling $4.63, or 16%, to close at $24.35 on Nasdaq.
BUSINESS
June 22, 1993
K-Swiss Inc., the athletic shoe maker based in Chatsworth, said it completed a public offering of 1.3 million shares of class A common stock at $24.50 a share. Of the shares sold, 100,000 were sold by the company and 1.2 million by a group of stockholders. K-Swiss raised about $2 million in net proceeds from the shares that it sold, said George Powlick, chief financial officer. He said the company planned to use that money for general working capital purposes.
CALIFORNIA | LOCAL
October 24, 2000
K-Swiss Inc., Westlake Village, reported earnings of $6.35 million for the third quarter ended Sept. 30, down from $9.34 million for the third quarter last year. Revenue fell to $60.5 million from $80.1 million. K-Swiss manufactures and markets sports shoes.
CALIFORNIA | LOCAL
April 25, 2000
K-Swiss Inc. in Westlake Village reported net income for the first quarter ended March 31 of $7.3 million compared with $13.3 million for the same period the previous year. Revenue dropped to $71.5 million compared with $88.6 million. K-Swiss designs and markets athletic shoes.
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