USA: Columbia Sportswear Reports Record Q2 Net Sales
Apparel and footwear company Columbia Sportswear has reported record second quarter net sales of $171.1 million, a 12.5 per cent rise from last year's sales of $152.1m.
Similarly, net income increased 13.8 per cent to $10.7m, or $0.26 per diluted share, compared to $0.23 in 2003.
Sportswear sales in the second quarter increased 31.4 per cent to $90.4m; outerwear decreased 12.6 per cent to $40.8m; accessories sales increased 13.8 per cent to $6.6m; footwear sales increased 8.5 per cent to $30.7m; and equipment sales increased 4.0 per cent to $2.6m.
President and chief executive officer Tim Boyle said: "Strong shipments of spring sportswear in the US and other key markets drove worldwide sales growth.
Compared to the second quarter of 2003, US sales increased 17 per cent to $105.9 million; European sales increased 20.1 per cent to $24.5 million; Canadian sales increased 13.6 per cent to $12.5 million; and other international sales decreased 6.6 per cent to $28.2 million for the second quarter of 2004.
Companies: Columbia Sportswear Company
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