Shoe designer and marketer Phoenix Footwear Group Inc on Wednesday said it expects third quarter earnings of between 35 and 40 cents per share due to strong sales of its casual and dress shoe lines.

The Maine-based firm, which changed its name from the Daniel Green Company earlier this year, said in press release it sees double-digit revenue growth this year which should take earnings above $1.00 per share.

Chairman and CEO, James Riedman, commented: "Leveraging the success of our core footwear brands, we are continuing to generate strong top and bottom line growth in the current quarter, despite the weak retail environment.

"We are confident that organic sales will grow in the double digits during 2002, while earnings per share should exceed $1.00. Future orders on new products that were introduced are up robustly over last year for the same time period."