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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.
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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
December 30, 2002 | Ralph Frammolino, Times Staff Writer
Nike has Tiger. Reebok snagged Alan Iverson. And Adidas has been on a roll with Orlando Magic basketball star Tracy McGrady. But don't expect K-Swiss Inc. to engage in the multimillion-dollar race to sign sports stars to tout its athletic footwear and clothing. About the most the Westlake Village shoemaker ever ponied up was $90,000 a year for the "Woodies." Never heard of them? That's exactly the point, says K-Swiss President Steven Nichols, whose company claims 1% of the overall $16.
BUSINESS
May 29, 2002 | Bloomberg News
K-Swiss Inc. sued Swiss Army Brands Inc., the sole U.S. distributor of Victorinox utility knives, to block the company's plans to sell Swiss Army clothing, cologne and other goods. Westlake Village-based K-Swiss said the products Swiss Army wants to register aren't made by Victorinox and shouldn't get trademark protection. Shelton, Conn.-based Swiss Army declined to comment. K-Swiss shares fell 17 cents to $45.98 and Swiss Army shares fell 10 cents to $6.30, both on Nasdaq.
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.
CALIFORNIA | LOCAL
December 19, 2000 | BARBARA MURPHY
The board of directors for K-Swiss Inc. in Westlake Village has declared a quarterly cash dividend of 1.5 cents per share for the fourth quarter ending Dec. 31. The dividend, which equates to an annualized rate of 6 cents per share, is payable on Jan. 12 to shareholders of record as of Dec. 29. K-Swiss designs, develops and markets athletic footwear for high-performance sports use and fitness activities.
CALIFORNIA | LOCAL
July 25, 2000
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.
CALIFORNIA | LOCAL
May 2, 2000
K-Swiss, a Westlake Village-based athletic footwear company, reported lower first-quarter earnings of $7.3 million, equal to 67 cents per diluted share, compared with $13.2 million or $1.15 per diluted share a year earlier. Worldwide revenues dropped 19.3% to $71.4 million in the quarter ended March 31, compared with $88.5 million in last year's first quarter. U.S. sales slowed 21.4% to $63.6 million, while international revenue increased 3.1% to $7.8 million.
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