Home / Knowledge / News / Apparel/Garments / New China JV helps Q3 Columbia Sportswear sales surge 29%
New China JV helps Q3 Columbia Sportswear sales surge 29%
03
Nov '14
Revenue in the third quarter of 2014, surged 29 percent from a year ago quarter at apparel marketer Columbia Sportswear Company, from many reasons, among which are incremental sales from its new China JV and newly-acquired prAna brand.

For the quarter ended September 30, 2014, Columbia Sportswear said it posted a record income of $675.3 million, up $152.2 million, or 29 percent from net sales of $523.1 million for the same period in 2013.

Third quarter of 2014, operating income at the global outdoor and active lifestyle apparel & footwear marketer soared 28 percent year-on-year to $98.3 million, while net income grew 20 percent to $65.6 million, or $0.93 per diluted share.

Of overall sales, sales in the US increased 26 percent to $406.3 million, including $28.2 million of incremental prAna net sales, while revenues in Latin America & Asia Pacific (LAAP) region zoomed 72 percent to $123.5 million.

LAAP sales include $50.7 million of incremental sales from its new China joint venture and a 1 percentage point benefit, from changes in currency exchange rates.

However, Europe/Middle East/Africa (EMEA) region revenues rose marginally by just 1 percent to $78.8 million and in Canada surged 34 percent to $66.7 million, which includes a 6 percent negative effect from changes in currency exchange rates.

Apparel, accessories & equipment sales rose 28 percent from a year ago quarter to $549.4 million, while footwear revenue rose 33 percent to $125.9 million.

Columbia brand sales increased 29 percent year-on-year to $555.4 million, Sorel brand turnover went up 23 percent to $58.2 million, and the newly-acquired prAna brand contributed $28.2 million of incremental net sales.

However, Columbia said, those increases were partially offset by a 24 percent decline in Mountain Hardwear net sales to $31.0 million in the third quarter of 2014.

Tim Boyle, Columbia's CEO said, “In response to our strong year-to-date performance, we have raised our full year 2014 financial outlook to anticipate consolidated net sales growth of approximately 22 percent and a 35 percent increase in net income.

"We see solid momentum continuing into 2015. Our confidence is based on strong early Fall 2014 sell-through, coupled with growth in Spring 2015 advance wholesale orders, and our plans for continued growth in our direct-to-consumer channels," he added. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 20th Sep 2017

India needs to double cotton farmers’ income: top official

India needs to double the income of cotton farmers and non-farmers...

Textiles | On 20th Sep 2017

Pakistan seeks more JVs with China: textile minister

The Pakistani Government wants to forge more joint ventures (JVs)...

Apparel/Garments | On 20th Sep 2017

Egypt’s garment exports touch $941 million in 8 months

Egypt's garment exports touched $941 million in the first eight...

Interviews View All

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Top executives
Textile industry, India

The event should be organised every year

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kerem Durdag
Biovation II LLC

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Wendell Rodricks
Wendell Rodricks

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

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