World Footwear

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Columbia Sportswear with record sales

Aug 10, 2015 United States
Columbia Sportswear with record sales
The US-based company announced sales for the quarter ended on the 30th of June growing by 17% (21% currency-neutral), to a second-quarter record of 380.2 million US dollars
Net sales increased by 45% in the US and by 27% in Canada (43% constant dollar). The Latin America & Asia Pacific (LAAP) region net sales were up by 1% (7% constant-dollar). Europe, Middle East & Africa (EMEA) region net sales decreased by 18% (11% constant-dollar).

Columbia brand net sales increased by 12% (16% constant-dollar) to 325.1 million US dollars. Sorel brand net sales grew by 43 % to 4.3 million US dollars. Mountain Hardwear net sales decreased by 3% to 21.2 million US dollars. Prana net sales totaled 26.1 million US dollars, including 20.6 million US dollars of incremental sales.

Apparel, accessories and equipment net sales increased by 18% (21% constant-dollar) to 310.2 million US dollars, and Footwear net sales grew by 14% (21% constant-dollar) to 70.0 million US dollars.

Second quarter 2015 net loss totaled 6.5 million US dollars (-0.09 US dollars per share).

Through the first six months of 2015, the company’s net sales grew 110.9 million US dollars, or 15% (19% currency-neutral), to 859.2 million US dollars, including approximately 57.7 million US dollars of incremental net sales from the Prana brand.

First half net income increased by 25% to 19.9 million US dollars compared with net income of 15.9 million US dollars in last year’s first half.

“Our exceptional first-half results and our improved full year outlook illustrate the increasing earnings power of our expanded brand portfolio, seasonally diverse product offerings and enhanced operational platforms”, stated Tim Boyle, Columbia CEO, adding: “Strong sell-through of Spring 2015 products in North America and Europe drove demand in the second quarter and is fueling encouraging Spring 2016 wholesale advance orders.”

Boyle concluded: “We enter the Fall season with robust momentum in North America behind our Columbia, Sorel and Prana brands. In addition, we are gaining traction with the Columbia brand in Europe, despite slow economic growth in that region. As planned, with earlier receipt of Fall season inventory, we are very well positioned to deliver against our strong Fall advance order book. Together, these factors give us confidence in our expectations to deliver mid-teen constant-dollar net sales growth, operating margin of approximately 10.3 percent, and better than expected earnings growth in 2015.”

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