Stride Rite Reports Decent Sales

Stride Rite Corporation’s net sales grew by 7.8 percent to $209.2 million in the 2nd quarter, ended June 1. The gross margin improved by 0.9 percentage points to 43.3 percent. Operating income rose by 3.1 percent to $22.7 million, while earnings before taxes were up by 3.7 percent to $21.7 ...

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