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 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Wendell Rodricks
Wendell Rodricks

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

Tony Ward
Tony Ward

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

news category


Related Categories:
July 2017

July 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