LaCrosse Footwear posted a 54.5 percent increase in net income to $1.7 million for the third quarter ended on Sept. 24, although its total sales declined by 6.4 percent to $35.3 million. A gain of $800,000 from a legal settlement helped out. Sales to the outdoor market increased by 1 percent to $19.2 million, thanks mainly to higher deliveries of hiking and cold weather footwear, but lower-margin military sales were off by 14 percent for the period. The gross margin increased to 39.7 percent from 37.2 percent a year ago due to a more favorable product mix, higher reorders, fewer closeouts, more favorable sourcing conditions and the company's retreat from the work apparel business.
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