LaCrosse Footwear jumps 12% after posting strong Q2 earnings

LaCrosse Footwear Inc. (Nasdaq:BOOT) is up more than 12% today on above-average volume after the company announced after Monday’s close better-than-expected second-quarter earnings. For the quarter ended June 28, the footwear retailer reported net income of $1.4 million, or $0.22 per share, compared with $1 million, or $0.15 per share, for the same quarter a year ago. Wall Street was expecting earnings per share of $0.19.

“The growth in our work business continued to be driven by shipments to various branches of the United States military and niche work markets,” said Joseph Schneider, president and CEO of LaCrosse, in a statement. “During the second quarter, we announced an additional $3 million delivery order related to our Mountain Cold Weather Boot contract with the United States Marine Corps, which we expect to ship in the second half 2008. Our success in this channel reflects the military’s increased demand for our expert-grade boots, as well as our sustained efforts to work closely with our customers and gain a rich understanding of their specific needs under tough combat conditions.”

In today’s trading, shares of Portland, Ore.-based LaCrosse are at $17.83, up $1.93 from Monday’s close.

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