• Q2 net loss of US$23.5m
  • Revenues up 5.1% to $189m
  • Growth in North America, Asia, Europe

Apparel and footwear company Timberland slipped to a second quarter loss of US$23.5m, thanks to a non-cash impairment charge of $13.2m and despite a 5.1% revenue rise.

The loss compared to a net loss of $19.2m in the same period last year, but the company pointed to sales growth in North America, Asia and Europe.

“We are pleased to report revenue growth and gross margin improvement in all three regions,” said Jeffrey Swartz, Timberland president and CEO.

“These results were achieved by focusing on our core outdoor equities and executing against a consistent strategy to strengthen our brand globally.”

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