US revenues lead to decline at K-Swiss
US-based athletic footwear company K-Swiss Inc. has posted a decline in earnings and revenues for its third quarter ended September 30.
Net earnings for the quarter were $12.8 million compared with $21 million in the prior-year period. Global revenues fell to $107.2 million compared with $133.1 million for the 2006 quarter. Domestic revenues showed a decrease of 36.3%, falling 36.3% to $52 million, while international revenues increased 7.4% to $55.2 million.