Stride Rite reports increased Q3 sales
Footwear manufacturer, the Stride Rite Corporation has reported positive financial results for its 2005 third fiscal quarter and nine months ended September 2, 2005.
Third quarter net sales reached $146.2 million, an increase of 4% from $140.4 million in the comparable period of 2004. Operating income in the third quarter of 2005 was $11.1 million, an 18% increase from the prior year's quarter. Net income for the third quarter totalled $7.7 million, an increase of 24% compared with the net income of $6.2 million or $.16 per diluted share in the third quarter of 2004.
For the first nine months of fiscal 2005, net sales were $456.5 million, an increase of 3% from $441.5 million for the same period in 2004. Net income for the first nine months of fiscal 2005 totalled $27.6 million, an increase of 8% from the $25.6 million reported in the comparable period in 2004.