Better than expected for Timberland
01/05/2008
Timberland has reported first-quarter results that it says are surprisingly positive. Its first-quarter 2008 revenue was $340.4 million with net income of $18 million.
The company explained that this meant an increase in revenue of 4.8%.
Sales in the difficult US market were down by around 5%, but the result for Europe was an increase of 6%.
Timberland said its PRO series of workwear boots had performed particularly well.
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