K-Swiss Reports 47% Drop in 1st-Quarter Earnings
K-Swiss Inc., a Chatsworth supplier of athletic footwear, reported a 47% decline in its first-quarter earnings.
In the three months that ended March 31, K-Swiss had a profit of $2.13 million, while its revenue fell 20% to $34.4 million. A year earlier, the company earned $4.03 million on revenue of $42.8 million.
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