Phoenix Footwear Group Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 29, 2012. For the quarter, the company reported net sales of $4,735,000 compared to $4,661,000 a year ago. Operating income was $619,000 compared to $242,000 a year ago. Profit before taxes and discontinued operations were $240,000 compared to $65,000 a year ago. Net earnings were $267,000 or $0.03 basic and diluted per share compared to $73,000 or $0.01 basic and diluted per share a year ago.

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.