LaCrosse anticipates 21 percent sales bump for Q4
LaCrosse Footwear (Nasdaq: BOOT) released preliminary results for the fourth quarter, noting a 21-percent rise in net sales driven by increasing demand across work and outdoor markets.
For the fourth quarter of 2009, the company said it expects to report net sales of $42.5 million, up 21 percent from the same period of 2008. For the full year 2009, net sales are expected to be $139.2 million, up approximately 9 percent from 2008.
It said sales for the fourth quarter increased strongly in both the work and outdoor markets. Outdoor sales are expected to be $17.3 million for the quarter, up 16 percent from the same period in 2008. Work sales are expected to be $25.2 million, up 25 percent.
LaCrosse plans to report its final results for the fourth quarter and FY ‘09 on Feb. 1.
Jarden ups Q4 guidance, sets $400 million debt offer
Jarden Corp. (NYSE: JAH) raised its fourth-quarter revenue guidance and also said that it plans to offer $400 million in senior subordinated notes due 2020.
Jarden now expects fourth-quarter sales of about $1.35 billion, which would top its prior outlook for revenue of $1.3 billion. It forecast 2009 revenue of approximately $5.1 billion.
The company said it anticipates using net proceeds from the notes offering to pay back part of a term loan due in 2012. The rest of the proceeds would go toward general corporate purposes.
It plans to report its fourth-quarter and full-year financial results on Feb. 18.
Jarden is the parent of Coleman, Campingaz, K2 Sports, Volkl, Marker, Ride, Atlas, Marmot and ExOfficio.
--Compiled by Wendy Geister
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