Footwear producer The Stride Rite Corporation has reported record second quarter fiscal 2006 sales of $194 million, an increase of 22% compared with the same period in the prior year. Net income for the second quarter totalled $16.9 million compared with net income of $11.8 million in the second quarter of 2005. The second quarter financial results include the reversal of certain prior period reserves for income tax exposures that are no longer required.

For the first six months of fiscal 2006, net sales were $377.4 million, an increase of 22% from $310.2 million for the same period in fiscal 2005. Net income for the first half of fiscal 2006 was $25.2 million, an increase of 26% from the $19.9 million reported in the comparable period in 2005.