• Q4 net loss widened to $25.19m from $20.64m
  • Worldwide revenues jumped 17.8% to $50.16m
  • H1 futures orders down 21.3% to $73.14m

Footwear maker K-Swiss Inc has seen its fourth quarter losses widen as higher costs and lower profit margins overshadowed a double-digit rise in sales.

The company also said worldwide futures orders - a key measure of demand - are down 21.3% to $73.14m in the first half of the year. A 51.6% drop in domestic futures orders more than outweighs a 7.5% international rise.

And its guidance for the year points to revenues of $240m to $250m and gross margin of 40% to 41%.

"For the past four years, we have invested substantial resources in driving performance running/triathlon [shoe categories]," noted chairman and president Steven Nichols.

"In addition to growing our performance category, our 2012 focus will be on bringing expenses and inventory in line with our historical positions and developing the franchise for the Clean Classic series."

Total worldwide revenues in the three months to 31 December jumped 17.8% to $50.16m, up from $42.57m a year ago, thanks to a 10.3% gain in domestic sales and a rise of 23.6% in international markets. But losses widened to $25.19m from $20.64m.

For the year, losses widened to $70.47m from $68.21m the year before. Total worldwide revenues jumped 23.8% to $268.36m from $216.77m, with domestic sales rising 26.7% to $116.78m and international sales up 21.7% to $151.58m.