K Swiss

K-Swiss Inc., a Pacoima maker of athletic shoes and other footwear, reported a 68% jump in third-quarter earnings on a 38% increase in sales. In the quarter that ended Sept. 30, K-Swiss' net income rose to $3.12 million from $1.86 million a year earlier, while its sales climbed to $31.6 million from $22.9 million. K-Swiss' profit for the first nine months of this year totaled $6 million, up 49% from $4.04 million a year earlier, and its nine-month sales rose 41% to $78.6 million from $55.

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., citing a onetime charge related to its early retirement of debt, said its fourth-quarter profit tumbled 70% from a year earlier, to $395,000 from $1.32 million. The Chatsworth-based maker of athletic shoes said the after-tax charge in the quarter that ended Dec. 31 totaled $896,000, which reflected a penalty on its early repayment of $10 million of debt. K-Swiss' revenue in the period rose 5%, to $21.2 million from $20.2 million.

K-Swiss Inc. in Westlake Village said U. S. retailers have ordered fewer of its athletic shoes for the next six months. While orders for the fourth quarter rose 44%, those for the following quarter fell 21%, company officials said. Retailers have been cautious about adding inventory since Just For Feet, the No. 2 athletic-shoe seller, said it is cutting prices and returning orders to get rid of more than $50 million in excess products.

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.

K-Swiss Inc. shares rose last week on news that the company's fourth-quarter earnings had more than doubled and the firm plans a 2-for-1 stock split and a 50% dividend increase. Shares of K-Swiss, a maker of athletic shoes, have more than doubled in value in the past year, the company said. K-Swiss said net income for the fourth quarter rose to $3.72 million, or 65 cents a share, from $1.3 million, or 22 cents a share, in the same quarter of 1997.

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.

K-Swiss Inc. reported a 19% increase in second-quarter profit, to $2.18 million from $1.84 million a year earlier. The Pacoima-based maker of athletic shoes said the higher earnings came on a 17% increase in revenues for the quarter ended June 30, to $32.8 million from $28.0 million. K-Swiss' profit for the first half of this year increased 20% from the comparable 1991 period, to $4.87 million from $4.05 million, and its six-month revenue rose 14%, to $69.5 million from $60.8 million.

K-Swiss Inc. posted a second-quarter loss and a 14% decline in its six-month profits. The Chatsworth-based sneaker company posted a loss of $379 million in the second quarter that ended June 30, compared to a $731-million net loss a year earlier. Revenues in the latest quarter rose 9% to $28.42 million, up from $26.02 million last year. For the six-month period, K-Swiss saw its profits slide to $1.2 million, down 14% from $1.4 million a year earlier. Six-month revenues dropped 1% to $59.