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K-SWISS REPORTS RECORD FIRST QUARTER RESULTS

 K-SWISS REPORTS RECORD FIRST QUARTER RESULTS
 PACOIMA, Calif., April 30 /PRNewswire/ -- Steven Nichols,


chairman of the board and president of K-Swiss Inc. (NASDAQ: KSWS), announced record first quarter net earnings for the quarter ended March 31, 1992, of $2,689,000, an increase of 21.7 percent over the quarter ended March 31, 1991. Revenues for the quarter ended March 31, 1992, increased 11.9 percent to $36,704,000 over the quarter ended March 31, 1991.
 Revenues were as follows:
 K-SWISS
 (In Thousands, Except Percents)
 (Unaudited)
 Three Months Ended March 31,
 1992 1991 Increase Pct.
 Increase
 Domestic $29,683 $26,353 $3,330 12.6 pct.
 International 7,021 6,453 568 8.8 pct.
 Total revenues $36,704 $32,806 $3,898 11.9 pct.
 Domestic footwear "futures" orders with start ship dates subsequent to March 31, 1992, and 1991 were approximately $38,072,000 and $38,486,000, respectively. International footwear "futures" orders with start ship dates subsequent to March 31, 1992, and 1991 were approximately $7,632,000 and $9,528,000, respectively. Combined domestic and international "futures" orders were $45,704,000 at March 31, 1992, a decrease of 4.8 percent compared to combined "futures" at March 31, 1991. The mix of "futures" and "at once" orders can vary significantly from quarter to quarter and year to year and, therefore, "futures" are not necessarily indicative of revenues for subsequent periods.
 The company's accounts receivable and inventories were approximately $30,381,000 and $30,573,000, respectively, as of March 31, 1992.
 K-Swiss Inc. designs, develops and markets athletic footwear for high performance sports use and fitness activities. The company presently offers footwear for court and nautical sports, hiking and walking.
 K-SWISS
 Financial Summary
 (In Thousands, Except Per Share Amounts)
 (Unaudited)
 Three Months Ended March 31,
 1992 1991
 Revenues $36,704 $32,806
 Cost of goods sold 23,384 20,817
 Gross profit 13,320 11,989
 Selling, general and
 administrative expenses 8,763 7,413
 Operating profit 4,557 4,576
 Interest expense 525 722
 Earnings before income
 taxes 4,032 3,854
 Income tax expense 1,343 1,645
 Net earnings $2,689 $2,209
 Earnings per share $.41 $.34
 Weighted average
 common and common
 equivalent shares
 outstanding 6,570 6,549
 -0- 4/30/92
 /CONTACT: George Powlick, CFO of K-Swiss, 818-897-3433/
 (KSWS) CO: K-Swiss ST: California IN: REA HOU SU: ERN


AL-CH -- LA037 -- 5097 04/30/92 15:59 EDT
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Date:Apr 30, 1992
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