Saucony steps it up in quarter one - leatherbiz: Leading news site for Leatherbiz

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Saucony steps it up in quarter one

04/05/2004

The US athletic footwear producer, Saucony, has posted record financial results for the first quarter 2004.

 

The company, which is based in Peabody, Massachusetts, said its net income increased 63% to $4.2 million while net sales rose 20% to $47 million. Diluted earnings per share increased to a record $0.58 per Class A common share and $0.64 per Class B common share.

 

John H. Fisher, president and CEO, commented: “Strong demand and solid execution across all of our divisions fuelled our record results for the first quarter. We are extremely pleased to begin 2004 with a standout performance and are excited about our prospects for the remainder of the year.”

 



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