Phoenix Footwear Group Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 29, 2013
For the six months, the company reported operating income of $286,000, loss from continuing operations of $91,000 or $0.02 diluted loss per share, net loss of $109,000 or $0.02 diluted loss per share on net sales of $9,237,000 against operating income of $153,000, loss from continuing operations of $209,000 or $0.03 diluted loss per share, net loss of $210,000 or $0.03 diluted loss per share on net sales of $8,855,000 for the same period a year ago. The increase in net sales for the quarter and first six months of fiscal 2013 was primarily driven by a new style offering designed to appeal to the broader customer demographic of the Company's internet-based accounts together with a 3.8% improvement in the average net unit selling price of the Company's product offering.