Q4 revenues slip at Kenneth Cole

09/03/2006

US designer of footwear, handbags, and accessories Kenneth Cole Productions, Inc. has reported slightly lower revenues for the fourth quarter and a slight increase for the full fiscal year ended December 31, 2005.

The company's fourth quarter revenues were $133 million, down slightly from the year ago quarter. Full-year revenues increased slightly to a record level of $518 million.

Fourth quarter wholesale revenues of $61.1 million were up 2.4% versus the prior year's level of $59.6 million. For the full year, wholesale revenues increased 1.6% to $284 million. Consumer direct revenues for the fourth quarter decreased 8% to $58.7 million versus $63.8 million in the same quarter last year. For the full year, consumer direct revenues decreased 2% to $190.1 million. Licensing revenue for the fourth quarter increased by 5.1% to $13.3 million versus $12.6 million in the same quarter of the prior year. For the full year, licensing revenue increased by 2.9% to $44 million.

The company designs, sources, and markets footwear, handbags, and accessories under the brand names "Kenneth Cole New York," "Reaction Kenneth Cole", "Unlisted, a Kenneth Cole Production" and "Tribeca" as well as footwear under the licensed trademark "Bongo". The company has also granted third party licences for the production of men's, women's and children's apparel, as well as fragrances, timepieces, eyewear,