Footwear, apparel and accessories company Phoenix Footwear Group, Inc. has published consolidated results for the first quarter ended April 1.

Net sales for the first quarter increased 52.8% to $40.3 million compared with $26.4 million for the first quarter of 2005. The strong top-line performance during the first quarter was attributable to robust growth from the Royal Robbins and H.S. Trask brands, as well as significant contributions from Altama, Tommy Bahama and Chambers.

The company's organic growth of 7.3% excludes the Tommy Bahama and Chambers brands as these were acquired in the last twelve months. This revenue reflects a 29% increase in Royal Robbins, a 16.2% increase in H.S. Trask, and a 5.4% increase in Altama, offset by declines in its Trotters and SoftWalk brands.

Net income for the first quarter was $3 million compared with net income of $1.2 million for the comparable quarter a year ago. Included in net income is a $1.5 million gain associated with a purchase price adjustment for Altama.

Phoenix expects to report lower revenues and earnings in the second quarter, consistent with its historical seasonality and it expects to incur additional expenses related to its ongoing integration of Tommy Bahama. While Altama is expected to significantly contribute to the second quarter, the company believes its sales and contributions will be lower than the first quarter.