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

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Bani Batra

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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