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8-K - FORM 8-K - LACROSSE FOOTWEAR INC | v57752e8vk.htm |
EX-99.2 - EX-99.2 - LACROSSE FOOTWEAR INC | v57752exv99w2.htm |
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
Contacts:
David Carlson
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Michael Newman | |
Executive Vice President and Chief Financial Officer
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Investor Relations | |
LaCrosse Footwear, Inc.
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StreetConnect, Inc. | |
503-262-0110 ext. 1331
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800-654-3517 | |
BOOT@stct.com | ||
LACROSSE FOOTWEAR ANNOUNCES RECORD PRELIMINARY RESULTS FOR THE FOURTH QUARTER AND FULL YEAR 2010
Fourth Quarter Sales Expected to be Up Approximately 23% Year-over-Year; Stronger Demand in Both Work and Outdoor Markets
PORTLAND, Ore., January 5, 2011 (BUSINESS WIRE) LaCrosse Footwear, Inc.
(Nasdaq:BOOT), a leading provider of premium, branded footwear for work and
outdoor users, announced its preliminary, unaudited sales results for the
quarter and year ended December 31, 2010.
For the fourth quarter of 2010, LaCrosse expects to report net sales of
approximately $52.1 million, up approximately 23% from the same period of 2009.
For the full year 2010, net sales are expected to be approximately $150.6
million, up approximately 8% from 2009.
Sales for the fourth quarter of 2010 increased strongly in both the work and
outdoor markets. Work sales are expected to be approximately $31.2 million for
the quarter, up approximately 24% from the same period in 2009. Outdoor sales
are expected to be approximately $20.9 million for the quarter, up
approximately 21% from the same period in 2009.
Were very pleased to see strong sales growth in the fourth quarter of 2010
driven by increasing demand across both the work and outdoor markets, said
Joseph P. Schneider, president and CEO of LaCrosse Footwear, Inc. We saw
increased demand across all of our channels, reflecting the success of our
continued focus on developing innovative footwear.
Cowen and Company 9th Annual Consumer Conference Presentation
LaCrosse plans to present at Cowen and Companys 9th Annual Consumer Conference on
Tuesday, January 11, 2011 at 10:30 AM Pacific (1:30 PM Eastern). A webcast of the Companys
presentation will be available at www.lacrossefootwearinc.com under Investor Events.
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Fourth Quarter and Year End 2010 Conference Call
LaCrosse plans to report its final results for the fourth quarter and the full year of 2010 after
market close on February 1, 2011. On that day, LaCrosse will host a conference call to discuss its
financial results at 2:00 PM Pacific (5:00 PM Eastern). A broadcast of the conference call and an
archived replay will be available at www.lacrossefootwearinc.com under Investor Events or by
calling 877-941-6009 or +1 480-629-9770. A replay will be available by calling 800-406-7325 or +1
303-590-3030 (Access Code: 4398250). The archived replay will be available for 48 hours after the
call.
About LaCrosse Footwear, Inc.
LaCrosse Footwear, Inc. (the Company) is a leading developer and marketer of branded, premium and
innovative footwear for work and outdoor users. The Companys trusted Danner® and LaCrosse® brands
are sold to a network of specialty retailers and distributors in the United States, Canada, Europe
and Asia. Work consumers include people in law enforcement, transportation, mining, oil and gas
exploration and extraction, construction, military services and other occupations that require
high-performance and protective footwear as a critical tool for the job. Outdoor consumers include
people active in hunting, outdoor cross-training, hiking and other outdoor recreational activities.
For more information about LaCrosse Footwear products, please visit our Internet websites at
www.lacrossefootwear.com and www.danner.com. For additional investor information, see our corporate
website at www.lacrossefootwearinc.com.
Forward-Looking Statements
All statements, other than statements of historical facts, included in this release, including
without limitation, statements regarding the Companys expected results of operations for the
quarter and year ended December 31, 2010 and any statements regarding increasing demand for the
Companys products, are forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Words such as plan, expect, aim, believe, project,
target, anticipate, intend, estimate, will, should, could and other terms of similar
meaning, typically identify such forward-looking statements. The Company assumes no obligation to
update or revise any forward-looking statements to reflect the occurrence or non-occurrence of
future events or circumstances.
Forward-looking statements are based on certain assumptions and expectations of future events and
trends that are subject to risks and uncertainties. Risk factors and other uncertainties which may
directly impact the outcome of the forward-looking statements included in this release include
possible adjustments to the preliminary results reported herein, lower than anticipated demand for
our products and the other risk factors included in our 2009 Annual Report on Form 10-K, as
supplemented by our quarterly reports on Form 10-Q for 2010.
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