LaCrosse Footwear of Portland reported mixed quarterly results, partially due to fluctuating military contracts for their Danner brand boots.
LaCrosse Footwear of Portland reported mixed quarterly results, partially due to fluctuating military contracts for their Danner brand boots.
For the second quarter of 2011, ending June 25, LaCrosse reported net sales of $27.1 million, up 2 percent from $26.6 million in the second quarter of 2010. But for the first half of 2011, net sales were $52.2 million, about 14 percent below the $60.8 million in the same period of 2010. Excluding the government channel, the company’s combined sales to its wholesale, direct and international channels increased 13 percent in both the second quarter and the first half of 2011 compared to the same periods in 2010.
“Aside from continuing quarterly fluctuations in U.S. military orders, our business is performing well, with strong growth across our wholesale, direct and international channels,” Joseph P. Schneider, LaCrosse president and chief executive, said in a news release.
Schneider said the contract military business “remains quite competitive and unpredictable. We have established LaCrosse as a trusted partner to various branches of the U.S. military that can fulfill their time-sensitive needs for high-performance, all-terrain, all-weather boots. We continue to believe that our overall business is best evaluated on an annual basis and that LaCrosse is well-positioned to capture market share over the long term.”
Read more at OregonLive.com.
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