Columbia’s first-half sales exceed $1 billion for first time
02/08/2018
Its net income on this result was a record $54.8 million, 124% higher year on year.
The group saw sales increase across all its key regions, including growth of 13% in the US.
“Our better than expected second quarter and record first half results reflect continued momentum across our brand portfolio,” said Tim Boyle, Columbia president and CEO. “Our first-half revenue surpassed the one-billion-dollar mark for the first time in company history.”
He made special mention of the prAna and Sorel brands, with the latter singled out following “positive consumer response” to its spring 2018 range. Mr Boyle said this demonstrates that Sorel is evolving into a year-round brand.
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