LaCrosse Footwear Q2 results powered by outdoor & workplace shoes
31 Jul '07
3 min read
The Company continued to maintain strong gross margins. For the second quarter of 2007, its gross margin was 39.2% of net sales, compared to 39.8% in the same period of 2006. While the success of new products and price increases in recent periods have continued to strengthen gross margins, this trend was offset in the second quarter of 2007 by an increase in inventory reserves.
LaCrosse's total operating expenses were $8.3 million or 33% of net sales in the second quarter of 2007, compared to $7.7 million or 35% of net sales in the second quarter of 2006. While operating expenses grew at a slower rate than net sales, the year-over-year increase primarily reflects added marketing and product development expenses, and expenses related to the Company's new Portland office.
marketing@alchempro.com
