LaCrosse Footwear saw sales climb by 1.2 percent to $40.8 million for the third quarter, but net income went the other direction, falling by 21.4 percent to $2.2 million. The overall gross margin was down by 0.6 percentage points to 38.6 percent as the proportion of military sales increased.
Sales of outdoor products dropped by 10.1 percent to $18.7 million as the worldwide retail market remained weak, though the company said it is not losing market share. Work products grew by 13.3 percent to $22.1 million, largely with sales to the U.S. military. It made up 54 percent of total net sales for the period. The company said it planned to continue its expansion into the police and military segment.
For the first nine months of the year, sales were up by 4 percent to $96.6 million, while net income declined by 36 percent to $3.2 million.