Home / Knowledge / News / Apparel/Garments / Columbia Sportswear posts record Q4 sales
Columbia Sportswear posts record Q4 sales
12
Feb '16
Columbia Sportswear Company said, it reported record fourth quarter net sales of $699.4 million for the period ending December 31, 2015, up 3 per cent year over year.

Fourth quarter of 2015 net sales growth was driven by US net sales growth of 10 per cent year on year to $446.2 million, reflecting growth from the Columbia, Sorel, Prana and Mountain Hardwear brands.

This growth was partially offset by; a 15 per cent net sales decline in the EMEA region to $58.2 million, including mid-teen constant-currency net sales growth in the company's Europe-direct business.

Global Columbia brand net sales of $528.9 million increased less than 1 per cent, compared with the fourth quarter of 2014, but were up 3 per cent on a constant-currency basis.

Global Sorel brand net sales for the quarter under review drove up 14 per cent, but 21 per cent on a constant-currency basis to $105.3 million.

Global Prana brand net sales surged 39 per cent to $27.7 million, and global Mountain Hardwear brand net sales grew 2 per cent to $35.2 million.

“Fourth quarter of 2015 operating income too increased to a fourth quarter record of $82.3 million,” the sportswear retailer stated in a press release.

For the reporting quarter, net income also rose 14 percent to $63.4 million, or $0.90 per diluted share, also a fourth quarter record, compared to $55.6 million, or $0.79 per diluted share in the same quarter of 2014.

Full year 2015 net sales grew $225.6 million, or 11 per cent also to a record $2.33 billion, while operating income increased 26 per cent year on year to a record $249.7 million.

“This represents operating margin of 10.7 per cent in 2015 as against operating margin of 9.5 per cent in 2014,” the company added.

“In Europe, the Columbia brand achieved mid-20-percent constant-currency growth and began reclaiming share in key markets,” the apparel retailer noted.

Full year 2015 net income, including five months of incremental results from the Prana brand, surged 27 per cent to a record $174.3 million, or $2.45 per diluted share.

This compares with full year 2014 net income of $137.2 million, or $1.94 per diluted share.

CEO Tim Boyle said, “Record net sales, record operating income, expanded operating margin, and record net income validate that our strategies are driving growth and improved profitability.”

“The Columbia, Sorel, and Prana brands each generated double digit constant-currency net sales growth, concentrated in North America,” he too added.

"We had high expectations entering the year and are encouraged that we exceeded those expectations despite unseasonably warm weather, macroeconomic challenges, and currency headwinds,” Boyle stated. (AR)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Amardeep Singh
Orient Craft

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kerem Durdag
Biovation II LLC

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

Giorgio Mantovani
Corman S.p.A

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search