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.
January 20, 1998
K-Swiss Inc. has authorized the repurchase of up to $2.8 million worth of its stock as part of a buyback program. The Chatsworth-based sneaker company said the purchases of its Class A common stock would occur between now and December. The company's Class A stock has been trading recently in the $17-per-share range. Currently the company has 3.1 million shares of Class A stock outstanding. Corporations typically launch stock buyback programs as a way to boost the value of their shares.
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.
August 1, 1995
K-Swiss Inc., a Chatsworth-based maker of athletic shoes, reported a sharp drop in profits for the second quarter ending June 30. The company reported that earnings dropped 57% to $1.5 million, compared to $3.5 million during the same period a year earlier. Revenues dropped 18% to $29.7 million, down from $36.3 million recorded in the second quarter of 1994. For the six-month period ending June 30, profits dropped 32% to $5.5 million down from $8.1 million in 1994. Revenues dropped 11% to $72.
June 15, 1993
K-Swiss Inc., a Chatsworth athletic shoe company, said that 1.3 million shares of its Class A common stock are being offered for sale at $24.50 a share. Of the total, 100,000 shares are being sold by the company, and 1.2 million are being sold by a group of stockholders. The underwriters of the offering, Goldman, Sachs & Co. and Merrill Lynch, Pierce, Fenner & Smith Inc., have a 30-day option to buy up to an additional 15,000 shares from K-Swiss and 140,000 shares from the stockholder group.
February 18, 1997
K-Swiss Inc., the Chatsworth sneaker company, narrowed its loss in the fourth quarter while its revenues fell 4%. The company posted a net loss of $946,000 in the quarter that ended Dec. 31, compared to a $4.7-million loss in the same period a year earlier. Revenues in the latest quarter were $17.7 million, down from $18.4 million. For the full year, K-Swiss saw its net income tumble 61% to $731,000, down from a $1.9 million profit in 1995. Revenues last year fell 11% to $106.
February 28, 1995
K-Swiss Inc., a Chatsworth-based producer of athletic shoes, reported a modest rise in earnings for the fourth quarter and year that ended Dec. 31. Earnings in the fourth quarter climbed to $1.49 million, up slightly from $1.48 million in the same three-month period a year earlier. Revenue in the quarter totaled $24.4 million, up 3% from $23.8 million in the same quarter of 1993. For the year, K-Swiss posted a $14.9-million profit on revenue of $155 million, compared with earnings of $12.
May 5, 1998
K-Swiss Inc. saw its net income more than double in its first quarter on a 36% increase in sales. In the quarter that ended March 31, the Chatsworth-based sneaker company posted net income of $3.6 million, compared to a profit of $1.5 million in the same period a year earlier. Sales in the latest quarter rose to $42.3 million, up from $31.2 million.
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.
April 30, 2008 |
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.