LaCrosse Footwear Reports Third Quarter Results; EPS $.17
October 21, 2010 4:00 PM
LaCrosse Footwear, Inc. (Nasdaq: BOOT) today reported results for the third quarter ended September 25, 2010.
For the third quarter of 2010, LaCrosse reported net sales of $37.7 million, compared to $40.8 million in the third quarter of 2009. For the first three quarters of 2010, net sales were $98.5 million, up 2% from $96.6 million for the same period of 2009.
Net income was $1.1 million or $0.17 per diluted share in the third quarter of 2010, compared to $2.2 million or $0.35 per diluted share in the third quarter of 2009. For the first three quarters of 2010, net income was $2.9 million or $0.44 per diluted share, compared to $3.2 million or $0.50 per diluted share for the same period of 2009. The effective tax rate in the first three quarters of 2010 was 40.3% compared to 30.0% for the same period in 2009 which favorably impacted the 2009 earnings per diluted share by $0.07.
