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Article Date: October 2003
Word Count: 302

TIMBERLAND’S Q3 NET RISES 8% ON CURRENCY BOOST.


Net income was $53,273,000 against $49,166,000 for theperiod ended Sept. 26 as quarterly EPS came in at $1.47 or 3.5% above a $1.42consensus average. Gross margin percentage rose 190 basis points to 45.7%. Q3revenues rose 7% to $443,960,000 from $416,641,000 although U.S. footwear salesfell 2% in the period. Wholesale footwear sales fell 2.9% to $221.0 million,partially offset by a 4.8% increase in direct to consumer sales to $47.6million. In other segments, U.S. consumer direct sales rose 5% to $47,588,000;international jumped 22% (12% in C$) to $175,361,000; footwear sales increased8% to $341,806,000 and apparel and accessory sales climbed 3% to $98,388,000.

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