Lacrosse Footwear Inc. (Nasdaq: BOOT) booted the notion that this couldn’t be a good winter for boots.
The Portland-based footwear company reported sales up 32 percent to $33.3 million for the first quarter 2012, largely due to an increase of its work and military boot sales, and its outdoor footwear managed a gain too despite the warm winter.
Lacrosse sales to the outdoor market rose 2 percent to $9.3 million for the first quarter, compared to a year ago. While officials said that the warm winter negatively impacted sales, the company saw a growing demand for its new hiking and lifestyle footwear.
Lacrosse’s work and military boots sales jumped 50 percent to $24 million, “reflecting fulfillment of a previously announced U.S. military order and growing demand from a variety of non-military government and other niche work markets” officials said.
The company swung to a quarterly profit of $600,000 versus a loss of $700,000 a year ago.
Teva sales slip at Deckers on international sales
Teva sales fell 1.1 percent to $49.8 million in the first quarter 2012 on weaker international sales.
The outdoor footwear brand’s results were part of parent company Deckers Outdoor (Nasdaq: DECK) reporting its most recent quarterly sales Thursday. Companywide, Deckers saw its revenue rise 20 percent, largely on its acquisition of the Sanuk brand last July. Minus Sanuk, sales rose about 4 percent for the quarter.
Deckers’ quarterly profit slipped to $8 million versus a profit of $19.8 million a year ago.
Looking ahead, the company pulled back its full year 2012 revenue growth projections slightly from a 15 percent to 14 percent increase. It also predicted that profit would drop about 9 to 10 percent from a year ago versus a previous expectation of unchanged profits from a year ago.
Expect better sales from Teva in the second quarter as its open-toed footwear products should benefit from the continued warm spring throughout much of the United States.