Phoenix Footwear Group Inc. Reports Un-Audited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 28, 2014
For the six months, net sales from continuing operations increased 8.1% to $10.0 million compared to $9.2 million for the first six months of fiscal 2013. Net loss from continuing operations increased to $195,000 or $0.03 per share compared to a net loss of $91,000 or $0.02 per share for the first six months of fiscal 2013. The company reported operating income of $163,000 compared to $286,000 and net loss of $204,000 or $0.03 per diluted share compared to $109,000 or $0.02 per diluted share for the last year. Earnings before interest, taxes, depreciation and amortization was $259,600 compared $397,100 for the first six months of fiscal 2013.