Timberland Company (TBL) Fourth-Quarter Review
February 04, 2010 3:47 PM
Analysts at Citigroup, Inc. (NYSE: C) have released a report reviewing the fourth-quarter at Timberland Company (NYSE: TBL).
Timberland reported EPS of $0.40 for the fourth-quarter. This was ahead of the analysts’ estimate of $0.29. The consensus forecast was $0.36. The company reported revenue of $388 million, a 0.7% decline year-over-year.
Sales in North America declined 6.7% year-over-year. The company also reported decline in sales by 17.6% year-over-year in Asia. The decline in North America and Asia was partially offset by an 8% year-over-year increase in sales in Europe.
Gross margins increased by 610 basis points year-over-year in the fourth-quarter. The company reported a strong balance sheet, with $250 million in cash, no debt, and inventory levels down 11.8% year-over-year.
Analysts at Citigroup, Inc. have a Sell rating for Timberland Company. According to analysts, the current valuation of the company is high, with shares trading at a significant premium to its peers.
