Home / Knowledge / News / Apparel/Garments / Q4 net sales zoom 27% at Columbia Sportswear
Q4 net sales zoom 27% at Columbia Sportswear
17
Feb '15
Net sales for the fourth quarter ended December 31, 2014 at Columbia Sportswear Company zoomed 27 per cent year on year.

Columbia said it recorded net sales of $677.0 million for the fourth quarter of 2014, up a massive 27 per cent or $143.9 million from the corresponding quarter of 2013.

Fourth quarter of 2014 net income totaled $55.6 million or $0.79 per diluted share, a steep hike of 51 per cent compared with net income of $36.7 million or $0.53 per diluted share in fourth quarter of 2013.

Organic growth in the reporting quarter reached approximately $79.8 million or 15 percent from a year earlier quarter.

Its Chinese joint venture saw net sales growing by $44.1 million and a growth of around $20.0 million from the newly-acquired Prana brand.

“Changes in currency exchange rates had a 2 percentage point negative effect on the net sales comparison,” the sportswear marketer said.

Fourth quarter of 2014 income from operations surged 57 per cent to $82.1 million or 12.1 per cent of net sales, including $2.1 million of amortisation of acquired assets and integration costs related to Prana acquisition.

Excluding Prana’s operating results and the $2.1 million of expenses related to its acquisition, adjusted operating income totaled $85.2 million, or 13.0 per cent of net sales from $52.2 million, or 9.8 per cent of net sales.

For full year 2014, net sales too drove up to $415.6 million or 25 per cent to $2.1 billion and operating income also rose higher by 51 per cent to $198.8 million.

Operating margin stood at 9.5 per cent in 2014 as against operating margin of 7.8 per cent in 2013.

In 2014, net income climbed 45 per cent to $137.2 million or $1.94 per diluted share compared with full year 2013 net income of $94.3 million or $1.36 per diluted share.

CEO Tim Boyle said, “2014 was an outstanding year for Columbia Sportswear Company, reflecting strong momentum in North America in the Columbia, Sorel and prAna brands.

He added, “In addition, despite mild winter weather, we produced 10 percent growth in the Columbia brand in our Europe-direct markets, led by strong sales of trail footwear and outerwear.”

“What I am most proud of is that the Columbia and Sorel brands drove double-digit top-line growth and accounted for virtually all of our operating income growth in 2014,” he noted. (AR)

Fibre2fashion News Desk - India


Must ReadView All

OECD urges UK for close EU ties to meet Brexit challenges

Textiles | On 24th Oct 2017

OECD urges UK for close EU ties to meet Brexit challenges

The British economy has weakened following the decision to leave the...

Accord, Alliance to leave Bangladesh in 2018

Apparel/Garments | On 24th Oct 2017

Accord, Alliance to leave Bangladesh in 2018

Accord and Alliance, the two western buyers' platforms working to...

Gujarat govt announces bonus for cotton farmers

Textiles | On 24th Oct 2017

Gujarat govt announces bonus for cotton farmers

The Gujarat government has announced a bonus of Rs 100 per 20 kg for...

Interviews View All

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Steve Cole
Xerium Technologies

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Prathyusha Garimella
Prathyusha Garimella

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

Bani Batra

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

October 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
76.1%
No
12.7%
Skip
11.3%

Total Votes: 71

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
62.0%
No
28.2%
Skip
9.9%

Total Votes: 71

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
85.9%
No
9.9%
Skip
4.2%

Total Votes: 71

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
76.1%
No
11.3%
Skip
12.7%

Total Votes: 71


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