K-Swiss Inc. Profits Rise 22% During 1st Quarter
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K-Swiss Inc., a Pacoima-based manufacturer of athletic shoes, said its first-quarter profit rose 22% from a year earlier on a 12% increase in revenue.
In the quarter ended March 31, K-Swiss’ net income climbed to $2.69 million from $2.21 million a year earlier. The company’s revenue for the three months rose to $36.7 million from $32.8 million.
K-Swiss said its domestic revenue--which accounts for 81% of its business--rose 13% from the year-earlier quarter, and its international revenue increased 9%.
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