Work sales up 26% at LaCrosse Footwear

28 Jul '09

4 min read

“During the second quarter, we continued to execute our strategic initiatives and invest in our business. We completed the transition into our new Midwest distribution center, which has already begun to enhance our operating efficiency, customer service and speed of delivery. We also completed our acquisition of END, which opens up new market opportunities and the potential to infuse END's innovation with lightweight and environmentally sustainable design into future LaCrosse and Danner products. We remain focused on leveraging our talented team, powerful brands and strong balance sheet in order to grow our business and maintain operational excellence over the long term.”

Based on the strength of the Company's financial position, the Board of Directors announced the approval of a quarterly dividend of $0.125 per share of common stock. The third quarter dividend will be paid on September 18, 2009 to shareholders of record as of the close of business on August 22, 2009. The Board of Directors, while not declaring future dividends to be paid, has established a quarterly dividend policy reflecting its intent to declare and pay a quarterly dividend of $0.125 per share of common stock for the balance of 2009.

LaCrosse Footwear Inc

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