K Swiss Inc

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.

Puma and K-Swiss Inc. are tied up in a growing dispute over shoelace-holding methods that could land the footwear companies in a Los Angeles courtroom. K-Swiss, based in Westlake Village, filed a lawsuit in U.S. District Court in Los Angeles last week against Puma, asking a judge to rule that K-Swiss' trademarked system of lacing a shoe was valid.

The board of directors of Westlake Village-based K-Swiss Inc. has declared a quarterly dividend of 2 cents per share payable Jan. 15 to stockholders of record Dec. 31, announced Steven Nichols, board chairman and president. In February 1994, K-Swiss initiated a cash divided program for the first time, payable at an annual rate of 8 cents per common share. K-Swiss designs, develops and markets a wide range of athletic footwear, apparel and accessories for high performance sports and fitness activities.

Shoe retailer K-Swiss Inc. of Westlake Village posted a second-quarter profit of $26.4 million, or 75 cents a share, including a gain of 52 cents a share from a legal settlement. It earned $7.7 million, or 22 cents, a year earlier. In June the company said it received $30 million from rival Payless Shoesource as part of a lawsuit settlement. K-Swiss reported a 17% decline in revenue to $85.2 million.

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.

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.

K-Swiss Inc. of Westlake Village reported net income for the second quarter that ended June 30 of $4 million, compared with $6.7 million for the second quarter of 1999. Revenues also dropped to $51 million from $67 million. K-Swiss designs, develops and markets athletic shoes.

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.

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.

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.

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.

Athletic-shoe maker K-Swiss Inc. posted a 94% drop in quarterly profit and forecast that U.S. revenue would significantly decline in the first quarter and 2008. For the fourth quarter, the Westlake Village-based company said it earned $596,000, or 2 cents a share, compared with $10.7 million, or 30 cents, a year earlier. Revenue decreased 17% to $78.2 million, mainly because of a 35% drop in U.S. revenue. International revenue rose more than 6% to $43.9 million. Analysts on average were expecting earnings of 4 cents a share, before special items, on revenue of $77.1 million, according to Reuters Estimates.

Westlake Village-based shoemaker K-Swiss Inc. said third-quarter earnings fell 39% and the company lowered its 2007 guidance. Net income fell to $12.8 million, or 36 cents a share, from $21 million, or 59 cents, a year earlier. Results included a 12-cent benefit related to overseas payroll withholding. Revenue fell 19% to $107.2 million. Excluding one-time items, analysts polled by Thomson Financial predicted a profit of 34 cents on revenue of $117.6 million.

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.

Athletic footwear maker K-Swiss Inc. said Thursday that fourth-quarter net income fell 26% because of higher income tax expenses. The Westlake Village-based company, which has made classic leather tennis shoes for 40 years, said net income declined to $11.6 million, or 33 cents a share, in the quarter ended Dec. 31. That compares with $15.6 million, or 43 cents, in the year-earlier quarter, when the company had a tax benefit on overseas profit. Revenue rose 4.5% to $92.3 million, K-Swiss said.

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.

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.

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.

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.

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.