The Columbia Sportswear Company has announced record net sales of $161.9m for the fourth quarter ended December 31, 2000, an increase of 32.4 per cent compared to the $122.3m recorded in the same period last year.
Fourth quarter net income reached $13.5m, a 48.4 per cent increase over net income of $9.1m in 1999.
Domestic sales grew by 36.1 per cent to $116.1m compared to last year, Canadian sales increased by 30.4 per cent to $15.0m, and other international sales increased 20.3 per cent to reach $30.8m.
For fiscal year 2000, the company reported record net sales of $614.8m, an increase of 30.7 per cent over net sales of $470.5m for 1999.
Net income for fiscal 2000 reached $58.6m, an increase of 77.6 per cent on last year’s figure.
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By GlobalDataDomestic sales for 2000 grew by 28.5 per cent to $438.9m, Canadian sales increased by 25.2 per cent to $63.1m, and the other international sales increased 43.8 per cent to reach $112.9m.
Tim Boyle, Columbia’s president and chief executive officer said: “We are obviously very pleased with the excellent fourth quarter and full year 2000 performance of the brand in all key markets around the world.
“Importantly, due to the high demand by consumers during the fourth quarter, inventory levels for outerwear and winter footwear across all channels in the US appear lean as we move into 2001.
