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Article Date: January 2006
Word Count: 148

STRIDE RITE HAS Q4 LOSS ON SAUCONY CHARGES.


A pre-tax inventory writeup of $5.4 million and$800,000 in integration expense from the Saucony acquisition resulted in a lossof $3,061,000 this year against income of $51,000 last year for the finalquarter ended Dec. 2. Net sales, including 11 weeks of Saucony sales totaling$23,181,000, rose 13% for the period to $131,695,000 from $116,799,000. For thefull year, SRR income fell 4% to $24,567,000 from $25,654,000 on a 5% gain insales to $588,324,000 from $558,324,000. Excluding the ... Log in to view full article.

 


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