Outdoor financials: LaCrosse anticipates 21 percent sales bump for Q4, plus Jarden

LaCrosse Footwear said it expects Q4 sales to rise 21 percent due to increased demand in its work and outdoor markets, while Jarden raised its Q4 revenue guidance and said that it plans to offer $400 million in senior subordinated notes due 2020.
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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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