Net income rose 29% to $71961000 from $55679000 for the period ended Mar.31. Revenues were 7% higher at $1,833,806,000 aganist $1,709,478,000 as gross margin improved 230 b.p. to 22.9%. The volume of shoes produces in Q1 declined 0.5% to 75397 million pairs.
As for the make-up of revenues by category, atheletic shoe sales rose 1.1% to $875 million; casual/outdoor shoe revenues increased 16.5% to $327.9 million; sport sandal sales jumped 17.1% to $34.2 million;retail sales of shoes apparel and leasing increased 12.1% to $464.4 million and soles/components/other sales rose 111.1% to 132.3 million.