US: Order timings impact LaCrosse Footwear Q2
- Q2 net sales down 11% to US$26.6m
- Net income $0.1m, versus $1.7m
- Blames timing of US government orders
LaCrosse Footwear’s second quarter profit all but disappeared as sales fell 11% on last year, thanks mostly to a 15% decline in revenues from the work market.
“While the timing of large orders to various branches of the US government adversely impacted our business in the second quarter, we remain confident that our business fundamentals are sound,” said president and CEO Joseph Schneider.
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