K-Swiss Inc. Profit Up 40% for 2nd Quarter

K-Swiss Inc. said it had a second-quarter profit of $3.1 million, up 40% from the $2.2 million earned in the same period last year.

The Chatsworth-based designer of athletic shoes said increases in sales of its Classic shoes line and expanded profit margins from reduced factory costs led to the boost in profits. K-Swiss said sales increased 17% to $38.3 million for the quarter ended June 30, compared to $32.8 million the year before.

For the first half of the year, K-Swiss earned $6.5 million, up 34% from $4.9 million last year. Revenues also climbed 18% to $81.9 million from $69.5 million last year.