K-Swiss reports fourth quarter results
Athletic footwear brand K-Swiss Inc. has announced a rise in revenues for the fourth quarter and year ended December 31, 2005. For the fourth quarter of 2005, total worldwide revenues increased 4.5% to $92,289,000 compared with $88,356,000 in the prior-year period. Domestic revenues decreased 5.9% to $64,327,000, and international revenues increased 40% to $27,962,000. Total worldwide revenues for 2005 increased 5.1% to $508,574,000 compared with $484,079,000 in 2004. Domestic revenues decreased 4.3% to $380,478,000 in 2005, while international revenues increased 47.8% to $128,096,000.
Worldwide future orders with start ship dates from January through June 2006 decreased 2.8% to $217,895,000 at December 31, 2005, compared with $224,233,000 at December 31, 2004. Domestic future orders decreased 12.7% to $148,698,000 at December 31, 2005, from $170,291,000 at December 31, 2004. International future orders increased 28.3% to $69,197,000 at December 31, 2005, from $53,942,000 the previous year.
K-Swiss Inc. designs, develops and markets an array of athletic footwear for fitness activities and casual wear under the K-Swiss brand. The company also designs and manufactures footwear under the Royal Elastics brand.