Phoenix Footwear Group Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 29, 2012
For the nine months period, the company reported net sales of $13,590,000 compared to $12,688,000 a year ago. Operating income was $772,000 compared to operating loss of $409,000 a year ago. Profit before taxes and discontinued operations were $31,000 compared to loss before taxes and discontinued operations of $945,000 a year ago. Net earnings were $57,000 or $0.01 basic and diluted per share compared to net losses of $481,000 or $0.06 basic and diluted per share a year ago. Earnings before interest, taxes, depreciation and amortization improved to $913,400 compared to $181,000 for the first nine months of 2011.