US-based designer of footwear, apparel and accessories The Timberland Company has posted significantly lower operating profits of $13.6 million for the first quarter, down from $40.1 million in the prior-year period.

Net income also fell to $9.3 million from $26.1 million in the same prior-year period as a result of restructuring costs, whilst revenue fell 3.9% due to a decline in sales in it boots and children’s footwear segments, which were partially offset by gains in SmartWool and Timberland Pro.

Commenting on the results, president and CEO, Jeffrey Swartz, stated, “While near-term hurdles remain, we are committed to our strategy for the long-term growth of the Timberland brand and enterprise. We continue to broaden our portfolio with acquisitions such as SmartWool, GoLite, Howies and Ipath so that we can reach more consumers than ever before.”