Timberland profit down 30% - footwearbiz: Leading site for global foot

News

Timberland profit down 30%

09/05/2011
US-based maker of outdoor leather footwear, Timberland, has plummeted the most in more than 23 years after saying profit declined 30% because of higher costs.

Profit fell to $18 million from $25.7 million, according to a statement. The decrease is believed to be due higher leather, labour and transportation costs.

However, first-quarter sales for Timberland gained 10% to $349 million from $317 million in the year-ago period, the company said.


footwearbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.