Athletic-Shoe Maker’s Earnings Pace Slows

K-Swiss Inc., a Chatsworth-based maker of athletic shoes, reported a sharp drop in profits for the second quarter ending June 30.

The company reported that earnings dropped 57% to $1.5 million, compared to $3.5 million during the same period a year earlier. Revenues dropped 18% to $29.7 million, down from $36.3 million recorded in the second quarter of 1994.

For the six-month period ending June 30, profits dropped 32% to $5.5 million down from $8.1 million in 1994. Revenues dropped 11% to $72.5 million, down from $81.8 million during the same six-month period a year earlier.