US-based footwear, apparel and accessories company Phoenix Footwear Group, Inc. has posted consolidated results for the second quarter ended July 1.

Net sales for the quarter increased 127.1% to $34.9 million compared with $15.4 million for the second quarter of 2005. The strong top-line performance was primarily attributable to double-digit growth from the Altama and Royal Robbins brands and solid contributions from SoftWalk and Trotters.

The company reported strong organic growth of 27.4%, which excludes the Tommy Bahama and Chambers brands as these were acquired in the last twelve months. This revenue reflects an 87.8% increase in Altama, a 25.8% increase in Royal Robbins, a 5.1% increase in SoftWalk and a 2.5% increase in Trotters, offset by a 21.5% decline in H.S. Trask. The company's net loss for the second quarter was $342,000 compared with net loss of $1 million for the comparable quarter a year ago. Included in the net loss is a severance charge of approximately $800,000. On a trailing twelve month basis, net income increased 200.6% to $3.7 million, compared with $1.2 million, a year ago.

For the six months ended July 1, net sales increased 80.1% to $75.2 million compared with $41.8 million for the comparable prior-year period. Organic growth during the first six months of 2006 was 14.7% as increases at Altama and Royal Robbins were offset by declines in the other legacy brands. Chambers and Tommy Bahama contributed 24.9% and 11.5% to the year-to-date sales, respectively.

Net income for the six-month period was $2.7 million compared with $140,000 for the comparable period a year ago. Included in the six-month net income is a $1.5 million purchase price gain adjustment related to the Altama acquisition which was recorded in the first quarter.