STRIDE RITE projects FY01 revenue growth of 1-3%
STRIDE RITEprojects FY01 revenue growth of 1-3% and maintains its FY EPS target of $.65($28.0 mm). SRR’s focus is to add new brands and distribution channels.Athletic specialty channels may be serviced on a first cost basis. More massmerchant distribution is also under consideration. Additionally, Stride Ritemay get more involved with “lifestyle” brands through additional licensingopportunities. As for Q2, net income, impacted by charges for severance costs,slid 5% to $10,049,000 from $10,609,000. Revenues declined ... Log in to view full article.