Stride Rite reports increased Q3 sales

28/09/2005

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.