Kellwood, parent company to Kelty, Sierra Designs, and Slumberjack showed some positive results for the fourth quarter, in spite of slower sales in its two biggest divisions. However, the company’s “Other Softgoods” division, which houses all of its outdoor brands, reported sales and earnings gains for the quarter. Total company net sales for the fourth quarter totaled $473.4 million, as compared to $495.5 million last year. Net earnings for the fourth quarter were $12.5 million, or 49 cents per diluted share, versus $7.1 million, or 25 cents per diluted share, last year. There was a five percent increase in Other Softgoods sales to $77.8 million versus $73.8 million last year.

During a conference call with analysts and the media, Kellwood management said that their restructuring efforts were going according to plan and should actually come in $70 million under budget. The final cost will be roughly $155 million. Kellwood is restructuring primarily its Men’s and Women’s Sportswear divisions with little or no effect on its outdoor brands.