LaCrosse Footwear saw healthy growth in both its outdoor and work lines in the second quarter help improve margins and the bottom line, which more than doubled, though off a small base. For the second quarter, net sales increased 10% to $21.8 million from $19.8 million for the same period last year. Sales to the outdoor market were $9.4 million for the quarter, up 5% from $8.9 million for Q2 2005.
The company continued to improve its overall gross margin, which was a record 39.8% of net sales for the second quarter of 2006, up from 35.8% in the same period of 2005, an increase of 400 basis points. Net income was $1.2 million, or 19 cents per diluted share in the second quarter of 2006, up 189% from $0.4 million, or 7 cents per diluted share, in the same quarter last year.
