US designer of footwear, apparel and accessories The Timberland Company has reported third quarter net income of $69.2 million compared with third quarter 2004 net income of $68.6 million. Third quarter 2005 results included previously disclosed pre-tax costs of $2.5 million related to the company's restructuring of its Caribbean manufacturing facilities.
Third quarter revenue increased 2.4% over strong prior-year results to a record $505.9 million which, according to the company, were driven by gains in international markets which offset moderate declines in the USA. International results (+14.1% or +14.2% in constant dollars) were driven by strong constant dollar sales gains in Europe and Asia in both footwear and apparel. US revenues declined 6.1%, as anticipated decreases in women's casual footwear and boot sales offset gains in Timberland Pro series and kids' footwear.
