Columbia Sportswear posts record fourth quarter results

16 Feb '17

1 min read

For the three months ended December 31, 2016, US headquartered sportswear marketer Columbia Sportswear, posted record fourth quarter net income, which drove up 34 per cent to a fourth quarter record of $84.7 million, or $1.20 per diluted share, compared with net income of $63.4 million, or $0.90 per diluted share in the corresponding quarter of 2015.

In the reporting quarter, the company reported net sales at $717.4 million, up 3 per cent as against $699.4 million in the prior year’s fourth quarter, also the highest fourth quarter sales till date.

Operating income in the reporting quarter surged 22 per cent year over year, again to a fourth quarter record of $100.4 million.

"We are very proud of our fourth quarter performance against a challenging backdrop in many of our largest markets,” CEO Tim Boyle said. “Record net sales, record gross margins, record operating income, expanded operating margin, and record net income reflect our powerful brand portfolio, robust operational platforms and disciplined prioritisation of investments.” (AR)

Fibre2Fashion News Desk – India

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