Phoenix Footwear Group Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended January 3, 2015. For the quarter, the company reported net sales of $5,650,000 compared to $4,415,000 a year ago. Operating income was $216,000 against operating loss of $26,000 a year ago. Earnings before income taxes and discontinued operations were $1,000 against loss before income taxes and discontinued operations of $100,000 a year ago. Net loss was $17,000 against $140,000 a year ago. Loss from continuing operations was $17,000 against $128,000 a year ago.

For the year, the company reported net sales of $21,995,000 compared to $19,218,000 a year ago. The increase in net sales for fiscal year 2014 was primarily driven by new product introductions designed to appeal to the broader customer demographic of the company's internet-based accounts, the on-time delivery of spring and fall goods, together with an improvement in the customer reorder volume of the company's fall product offering. Operating income was $1,132,000 against operating income of $822,000 a year ago. Earnings before income taxes and discontinued operations were $359,000 against earnings before income taxes and discontinued operations of $171,000 a year ago. Net loss was $327,000 against $70,000 a year ago. Earnings from continuing operations were $341,000 against $143,000 a year ago. Diluted earnings per share from continuing operations were $0.02. Diluted earnings per share from net earnings were $0.02. Earnings before interest, taxes, depreciation and amortization improved 14.8% to $1.32 million compared to $1.15 million for fiscal year 2013.