Timberland2008年第一季度总收入同期相比增长1.2%

添加时间：2008-05-07 来源：中国户外资料网作者：Jennifer【本站编辑】
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　　Timberland近日公布了2008年第一季度总收入是3.404亿美元，同期相比增长了1.2%。SmartWool的产品和Timberland PRO鞋类产品增长幅度较大，Timberland 休闲鞋类保持稳定的增长，而靴子，童鞋在北美有所下降。由于外币汇率的变化，2008年第一季度的收入增长了1600万美元，同期相比增长了4.8%，经营收入增长了600万美元。

　　北美的收入为1.377亿美元，同期相比下降了4.7%。欧洲的收入为1.648亿美元，同期相比增长了6.9%。亚洲的收入为3790万美元，同期相比增长了0.7%。

　　服装和附件收入为9790万美元，2007年第一季度为9540万美元，同期相比增长了2.7%。SmartWool袜类产品和服装呈双位数字的增长势头，但Timberland 服装的收入在北美有所下降。2007年2月，Timberland允许Phillips-Van Heusen在2008年父亲节推销男士服装。2008年第二季度，Timberland公司在北美将停止出售库存的休闲服装，但在全球继续销售。全球的鞋类收入为2.366亿美元，同期相比有所上涨。同期相比，Timberland PRO鞋类收入上升，但是靴子和童鞋的收入下降了。

　　全球批发收入为2.555亿美元，同期相比下降了1.5%。直接收入为8490万美元，同期相比增长了10.2%，专卖店的销售额增长了5.7%。结构调整及相关费用为60万美元，而2007年第一季度为650万美元。

　　经营收入为2320万美元，同期相比增长了70.7%，排除结构调整和相关费用后经营收入为2328万美元，同期相比增长了18.1%。由于外币汇率的变化和经营收入（不包括结构调整和相关费用）下降了5.4%，利润有所增长。2008年第一季度，汇率为39.0%，2007年第一季度为34.5%。各地区的利润混合在一起，从而导致了有效利率的增长。关于2008年第二季度，Timberland期望经营损失控制在3500-3000万美元，不包括结构重整及相关费用。通过第一季度，该公司预计在第二季度的结构重整费用为1500-1600万美元。

　　Timberland支出960万美元重购了66.8万股。截至到本季度，有1.348亿美元现金，没有债务。库存是1.802亿美元，同期相比下降了1.8%。应收账款为2.018亿美元，增长了1.0％。2008年第一季度的净收入达到1800万美元，而2007年为930万美元。摊薄后每股为0.30美元，而2007年同期为0.15美元。摊薄后每股收入（不包括结构重整及相关费用）为0.31美元，，2007年同期为0.22美元。

　　Timberland总裁兼首席执行官Jeffrey B. Swartz说，“在2008年的开始我们就取得了这样的业绩感到很惊喜。在过去的几年里，我们的管理团队采取了必要的措施来简化我们的业务来改善全球经营。全球市场竞争激烈，但是我们相信所采取的策略很适合我们的，给顾客提供高质的产品，提高整体效益，以及给我们的股东带来更多的回报。”

　　原文：Timberland Q1 Revenues Rise 1.2%

　　SportsOneSource Media Posted: 5/1/2008

　　Timberland reported revenue in the first quarter grew 1.2% to $340.4 million as foreign exchange rate changes, strong gains in SmartWool products and Timberland PRO series footwear and moderate growth in Timberland casual footwear offset declines in boots and kids' footwear and decreases in Timberland apparel revenue in North America. Foreign exchange rate changes increased first-quarter 2008 revenue by approximately $16 million, or 4.8%, due to the strength of the Euro and the British Pound, and increased operating income by approximately $6 million.

　　North America revenue declined 4.7% to $137.7 million, or 5.1% on a constant dollar basis, reflecting soft consumer spending in both the U.S. and Canada. Europe revenue increased 6.9% to $164.8 million driven by gains in foreign currency, but decreased 1.6% on a constant dollar basis. Asia revenue increased 0.7% to $37.9 million driven by gains in foreign currency, but decreased 6.3% on a constant dollar basis. Geographic results reflect the introduction of new reporting segments, a change that the company believes will better reflect the way it now manages its business.

　　Apparel and accessories revenue increased 2.7% to $97.9 million compared to $95.4 million in the first quarter of 2007, driven by double-digit growth of SmartWool socks and apparel. These gains offset declines in Timberland brand apparel in North America. In February 2007, the company announced that it would transition this business to a licensing arrangement with Phillips-Van Heusen, beginning with the launch of men's apparel in time for Father's Day 2008. The company will cease sales of in-house North American casual apparel product in the second quarter of 2008 but will continue selling its own line of apparel in International markets. Global footwear revenue was $236.6 million, up slightly compared to the prior year as gains in casual and the Timberland PRO series footwear offset declines in boots and kids' footwear.

　　Global wholesale revenue decreased 1.5% to $255.5 million. Worldwide consumer direct revenue increased 10.2% to $84.9 million, driven by comparable store sales gains of 5.7%.

　　Restructuring and related charges were $0.6 million in the first quarter of 2008, compared to $6.5 million for the first quarter of 2007.

　　Operating income for the quarter was $23.2 million, up 70.7% from the prior-year period. Operating income excluding restructuring and related costs was $23.8 million, 18.1% above the comparable prior year level. Profit increases reflect benefits from foreign currency translation as well as a 5.4% reduction in operating expenses excluding restructuring and related costs.

　　For the first quarter 2008, the tax rate was 39.0% compared to 34.5% for the first quarter of 2007. This increase in the effective tax rate resulted from a change in the geographical mix of profits.

　　In connection with its continuing stock buyback program, Timberland repurchased approximately 668 thousand shares in the first quarter at a total cost of $9.6 million. It ended the quarter with $134.8 million in cash and no debt. Inventory at quarter end was $180.2 million, down 1.8% versus 2007 first-quarter levels due to the company's disciplined inventory management in the face of tough market conditions. Accounts receivable increased 1.0% to $201.8 million.

　　First-quarter 2008 net income reached $18.0 million and diluted earnings per share (EPS) of $0.30. First quarter diluted EPS was $0.31 when adjusted to exclude restructuring and related costs. These results compare to first-quarter 2007 net income of $9.3 million and diluted EPS of $0.15, or $0.22 when adjusted to exclude restructuring and related costs.

　　Timberland is maintaining its full-year outlook as favorable foreign exchange benefits are anticipated to offset continued challenges in retail markets globally. The company is targeting mid-single digit revenue declines, due in part to its decision to close underperforming retail stores. It also anticipates operating expenses in the range of $550 million, flat to modest operating margin improvement excluding restructuring costs, and a tax rate in the range of 40%.

　　For the second quarter, Timberland anticipates mid to high-single digit revenue declines and an operating loss excluding restructuring costs in the range of $30 million to $35 million, consistent with the first half outlook provided in its fourth-quarter earnings release. The company also anticipates an additional $4 million in restructuring costs in the second quarter, reflecting its previously announced retail closure plan, which will result in total plan costs in the range of $15 million to $16 million, $1 million to $2 million below its original estimate.

　　Jeffrey B. Swartz, Timberland's President and chief executive officer, stated, "I am encouraged by our start to 2008 and pleased with our performance in a difficult retail environment. Over the past year, our management team has taken significant corrective actions to simplify our business and streamline our global operations. While the overall market remains challenging, I am confident that we are on the right path strategically to deliver better, consumer informed products rooted in Timberland's brand heritage, enhance overall profitability and drive improved returns for our shareholders."