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Article Date: October 2000
Word Count: 170

TIMBERLAND’S Q3 NET RISES 63 PER CENT, OKAYS STOCK BUYBACK.


Led by double-digit gains in apparel and footwear,TBL’s U.S. business grew 22 per cent to $222.1 million in the period ended Sep.29. Domestic wholesale revenues paced the gain, rising 25 per cent to $218million. U.S. retail sales jumped 13 per cent to $53.6 million from $47.5million.

Overall, Timberland posted net income of $57,453,000versus $35,140,000 on a 21 per cent revenue improvement to $375,246,000 from$310,939,000. The inventory turn rate improved to 3.7x from 3.4x in thequarter. Internationally, Q3 revenues improved 16 per cent to $103.2 millionagainst $88.8 ... Log in to view full article.

 

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