Record second quarter for Columbia - sportstextiles: Lea SportsTextiles

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Record second quarter for Columbia

04/08/2015
Columbia Sportswear has reported record second-quarter sales, growing 17% to $380.2 million, but a loss of $6.5 million related to the purchase of yoga brand prAna Living.

CEO Tim Boyle said: "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. Strong sell-through of spring 2015 products in North America and Europe drove demand in the second quarter and is fuelling encouraging spring 2016 wholesale advance orders.

"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.”

The company expects low double-digit 2015 net sales growth compared with 2014 net sales of $2.1 billion.

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