• 2009 net income was $56.6m
  • Q4 revenues flat
  • Supply chain efficiencies

Outdoor apparel firm Timberland has improved its quarterly and FY profits on the back of improved margins.

The US firm said today that fiscal 2009 net income was $56.6m, up 26% compared to last year. Fourth quarter income rose 41% to $22.3m, despite Q4 revenues remaining relatively flat at $387.8m.

Timberland said its operating income was driven by an increase in gross margin, thanks to savings in supply chain costs and foreign exchange.

Jeffrey B Swartz, Timberland's president and CEO, said: "In 2009 we saw solid results in our classic boot business in Europe, substantial growth in our SmartWool brand and significant improvement during the fourth quarter in the performance footwear category, all indicative of Timberland's strength as an authentic outdoor brand.

"During these difficult economic times we have worked hard to continue making great product, build our relationship with consumers around the world and maintain a strong balance sheet, all of which we believe leave us well-positioned to capture the long-term potential of the Timberland brand."

Click here to view the company's full financial release.