Net sales at The Walking Company increased 19.5% for fiscal 2007 ending December 31, 2007 to $162.1 million  $135.7 million last year. The company reported that $10.0 million of the increase related to an 8.1% increase in comparable store sales which includes TWC catalog/Internet sales after April 1, 2007. Additionally, $14.5 million of the increase was attributable to new stores; $1.5 million was attributable to the acquisition of Steve’s Shoes in January, 2006; and $0.4 million was attributable to an increase in the company’s catalog/Internet business prior to being included in comparable store sales. 


TWC’s gross profit remained relatively constant in 2007 and 2006 at 51.3% and 51.7%, respectively. Despite the increased sales and relatively flat margins, TWC reported a net loss for the year of $791,000 compared to net income of $2.3 million for 2006.