Home / Knowledge / News / Fashion / Stride Rite declares record Q4 sales & full year results

Stride Rite declares record Q4 sales & full year results

Jan '06
Lexington based Stride Rite Corporation reported record 2005 sales on increased fourth quarter and fiscal year 2005 net sales. Net sales for the fourth quarter and full year of fiscal 2005 were $131.7 million and $588.2 million, increases of 13 percent and 5 percent, respectively, compared to the same periods in the prior year.

Fiscal 2005 contained 52 weeks compared to the 53 weeks in 2004, which had one extra week in the fourth quarter. The fourth quarter of 2005 also included $23.2 million of Saucony net sales for the 11 weeks subsequent to the September 16, 2005 acquisition date.

The fourth quarter net loss totaled $3.1 million or $.08 per diluted share, a decrease compared to the net income of $51 thousand or $.00 per diluted share in the fourth quarter of 2004. Net income for the 2005 fiscal year totaled $24.6 million, a decrease of 4 percent from the $25.7 million reported in the comparable period in 2004.

The fiscal 2005 diluted earnings per share of $.66 were flat versus last year.

The fourth quarter includes a pre-tax expense of $5.4 million related to the write-up of inventory purchased in the Saucony acquisition as required by GAAP accounting rules. In addition, the current quarter includes pre-tax acquisition related integration expenses of $800 thousand.

Excluding acquisition related integration costs and the inventory write-up, net income would have been $0.5 million and $28.6 million for the fourth quarter and theyear, respectively, while diluted earnings per share would have been $.01 and $.77 for the fourth quarter and the year, respectively.

Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 28th Feb 2020

Cambodian PM urges PRC to export raw materials by air, sea

Prime Minister Hun Sen recently urged Chinese ambassador to Cambodia...

Pic: Shutterstock

Textiles | On 28th Feb 2020

Pak govt urged to help clear consignments from China

The Sindh Industrial Trading Estate (SITE) Association of Industry...

Pic: Shutterstock

Textiles | On 28th Feb 2020

Coronavirus an opportunity for Indian textile industry?

While scientists across the world are busy developing vaccine and...

Interviews View All

Yash Agarwal, Hitansh Online

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli, Epson, For.Tex & F.lli Robustelli

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Headhonchos, Indian fashion industry

Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Kalai Selvi,

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

John Elmuccio,

John Elmuccio

Evolution St Louis is a company setting up a high-tech knitting facility...

Ashish M Amin,

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Pierre Wiertz, EDANA

Pierre Wiertz

Pierre Wiertz talks about the vast world of sustainable nonwovens and...

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kerem Durdag, Biovation II LLC

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Igor Chapurin, Chapurin

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Aneeth Arora, Péro

Aneeth Arora

The Woolmark Company has partnered with handmade fashion label Péro and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

February 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search