Home / Knowledge / News / Apparel/Garments / Columbia Sportswear posts record Q2 sales
Columbia Sportswear posts record Q2 sales
01
Aug '16
Courtesy: Colombia Sportswear
Courtesy: Colombia Sportswear
Columbia Sportswear Company posted record net sales at $388.8 million for the second quarter ended June 30, 2016, up 2 per cent as against $380.2 million for the second quarter of 2015.

Second quarter of 2016 operating loss reached $11.8 million, or a negative 3.0 percent of net sales vis-à-vis $9.0 million, or a negative 2.4 percent of net sales in the same period in 2015.

The effective income tax rate stood at 29.1 per cent in the quarter under review, which is nearly flat to the effective tax rate of 29.2 per cent in the prior year's second quarter.

Net loss rose higher at $8.2 million or $0.12 loss per share in the reporting quarter compared to the second quarter of 2015 net loss of $6.5 million, or $0.09 loss per share.

The retailer closed the quarter with $428.8 million of cash and short-term investments at June 30, 2016, versus $417.5 million at June 30, 2015.

The board of directors has announced a regular quarterly dividend of $0.17 per share, payable on September 1, 2016 to shareholders of record on August 18, 2016. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search