| LaCrosse Footwear, Inc. (Nasdaq: BOOT) is a leading developer and marketer of premium, branded footwear for dedicated work and outdoor users. The Company’s trusted Danner® and LaCrosse® brands are sold through a network of specialty retailers and distributors in the United States, Canada, Europe and Asia. LaCrosse has been successful in increasing its brand equity in niche segments of the work and outdoor footwear markets that are quality and performance driven, which offer opportunities for sustainable and profitable growth over the long term. The Company is executing a growth strategy based on leveraging its powerful brands with technology innovation, compelling marketing initiatives and enhanced customer service. Financial Highlights: Quarter Ended June 26, 2010 |
| Market Capitalization | $120.2 Million (7/19/10) | | Shares Outstanding | 6.6 million | | Gross Margin | 41% | | Cash and Equivalents | $17.3 million | | Working Capital | $45.1 million | | Long-term Debt | None | | Number of Employees | 500 |
Summary
Income Statements (in thousands, except
Net Income Per Share) |
| Quarter Ended | 6/26/10 | 6/27/09 |
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Net Sales | $60,780 | $55,886 |
| |
Gross Profit | $24,631 | $22,049 |
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Operating Income | $2,871 | $883 |
| | Net Income | $1,763 | $966 |
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Net Income Per Share, diluted | $0.27 | $0.15 |
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Financial
Contact Information |
| Corporate Headquarters | 17634 NE Airport Way
Portland, OR 97230 | | Investor Relations | 800-654-3517 BOOT@stct.com | | Transfer Agent | Wells Fargo Shareowner Services
161 North Concord Exchange South St. Paul, MN 55075 1-800-468-9716
www.wellsfargo.com/shareownerservices |
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We caution you that this
document contains forward-looking statements within the meaning of
the Securities and Exchange Act of 1934. Forward-looking statements
are only predictions or statements of our current plans, which we
review on a continual basis. Forward-looking statements are intended
to qualify for the safe harbor from liability established by the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can generally be identified as such
because the context of the statement includes phrases such as we
"believe," "expect," or other words of similar
import. Similarly, statements that describe our future plans,
objectives or goals are also forward looking statements. Such
forward-looking statements are subject to certain risks and
uncertainties which could cause actual results or outcomes to differ
materially from those currently anticipated. All forward-looking
statements may differ from actual results due to, but not limited
to: Consumer demand for outdoor footwear; Weather and its impact on
the demand for outdoor footwear; Dealer inventory levels; Company
inventory levels, including (i) inventory levels required for
foreign-sourced product and the related need for accurate
forecasting and (ii) the limited ability to resupply dealers for
fill-in orders for foreign-sourced product; potential problems
associated with the manufacture, transportation and delivery of
foreign-sourced product; United States and/or foreign trading rules,
regulations and policies, including export/import regulations and
regulations affecting manufacturers and/or importers; and General
domestic economic conditions, including interest rates and foreign
currency exchange rates. You should consider these important factors
in evaluating any statement contained in this report and/or made by
us or on our behalf. The Company has no obligation to update or
revise forward-looking statements to reflect the occurrence of
future events or circumstances. |
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