Phoenix Footwear Group Inc. reported unaudited consolidated financial results for the first quarter ended March 29, 2014. For the first quarter of fiscal 2014 ended March 29, 2014, net sales decreased 1.4% or $80,000 to $5.7 million from $5.8 million when compared to the first quarter of fiscal 2013 ended March 30, 2013. The unusually cold weather, and extended winter throughout most of the country, adversely impacted the company's sales of scandalized footwear.

The company reported earnings from continuing operations of $171,000 or $0.01 per diluted share for the first quarter ended March 29, 2014, compared to earnings from continuing operations of $268,000 or $0.02 per diluted share for the first quarter ended March 30, 2013. The company reported net earnings of $171,000 or $0.01 per diluted share for the first quarter ended March 29, 2014, compared to earnings from continuing operations of $259,000 or $0.02 per diluted share for the first quarter ended March 30, 2013. Earnings before interest, taxes, depreciation and amortization from continuing operations for the first quarter of fiscal 2014 were $382,000 compared to $512,000 for first quarter of fiscal 2013.

Operating income was $341,000 compared to $460,000 for first quarter of fiscal 2013. Earnings before income taxes and discontinued operations was $171,000 compared to $268,000 for first quarter of fiscal 2013.