Vans Inc. Posts Record Net Income

Footwear manufacturer and retailer Vans Inc. said that net income for the second fiscal quarter reached a record $2.4 million, or 18 cents a share, 85% higher than the $1.3 million, or 13 cents a share, reported a year ago. Sales for the quarter ended Nov. 30 rose 27%, to a record $37.1 million from $29.1 million. Net income for the first half advanced to $5.5 million, or 40 cents a share, from $1.7 million, or 17 cents a share, for the first six months of the prior fiscal year. Sales were up 41%, to $81.1 million from $57.5 million.