February 27, 2008 |
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.
July 28, 2006 |
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.
February 10, 2006 |
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.
October 28, 2005 |
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.
October 29, 2004 |
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.
April 29, 2004 |
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.