Difficult Q2 at Columbia Sportswear
Active outdoor apparel and footwear company Columbia Sportswear Company has posted net sales of $179.2 million for the quarter ended June 30, a decrease of 16% compared with $213.1 million for the same quarter in 2008. The second quarter is the company's smallest revenue quarter, historically accounting for approximately 15% of annual net sales.
By category, sportswear sales fell 15% percent to $98.4 million, while footwear sales decreased 21% to $33.4 million. Outerwear sales dropped 16% to $35.1 million, while accessories and equipment sales fell 8% to $12.3 million.
Second quarter net loss totalled $9.9 million compared with $1.8 million during the same period in 2008.
Tim Boyle,