Columbia’s first-half sales exceed $1 billion for first timeUS sportswear group Columbia has reported sales of just under $1.1 billion in the first half of 2018, an increase of 13% compared to the same period of last year on a constant-currency basis.
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.