>>
Home / Knowledge / News / Apparel/Garments / Columbia Sportswear sales climb 8% in Q4 2017
Columbia Sportswear sales climb 8% in Q4 2017
12
Feb '18
Courtesy: Columbia Sportswear Company
Courtesy: Columbia Sportswear Company
Columbia Sportswear Company has recorded net sales of $776.0 million for the fourth quarter ending December 31, 2017, an 8 per cent increase, compared with the net sales of $717.4 million for the fourth quarter of fiscal 2016. For full year 2017, the net sales were reported at $2.47 billion, increase by 4 per cent compared to full year 2016.

For the fourth quarter, the company recorded gross margin of 47.9 per cent, compared to 47.1 per cent in the prior year. The full year gross margin was 47.0 per cent, compared to 46.7 per cent in the prior year.

Operating income for the fourth quarter was $109.4 million, and non-GAAP operating income was $115.6 million, compared to $100.4 million in the prior year. Full year operating income was $263.0 million, and non-GAAP operating income was $277.8 million, compared with $256.5 million in the prior year.

"We are pleased to report better than expected fourth quarter results, including continued growth in Europe, North America, and with our distributor partners around the world. In 2017, we reported record net sales, gross margin, and operating income," president and chief executive officer Tim Boyle said.

Fourth quarter 2017 net loss was $7.1 million, or $0.10 loss per share, and non-GAAP net income was $92.5 million, or diluted earnings per share of $1.31, compared with fourth quarter 2016 net income of $84.7 million, or diluted earnings per share of $1.20. Full year 2017 net income was $105.1 million, or $1.49 per diluted share, and non-GAAP net income was $210.1 million, or $2.98 per diluted share, compared with full year 2016 net income of $191.9 million, or $2.72 per diluted share.

"We look forward to a year of continued revenue and earnings growth in 2018 as well as continued execution of our strategic priorities. Our 2018 outlook anticipates revenue growth of 5.5 per cent to 7.5 per cent, and non-GAAP revenue growth of 4 per cent to 6 per cent. We anticipate diluted earnings per share of $2.88 to $2.98, and non-GAAP diluted earnings per share of $3.17 to $3.27, driven by growth in the Columbia, SOREL, and prAna brands, and in all four of our geographic regions," Boyle concluded,

The company's annual net sales are weighted more heavily toward the Fall/Winter season, while operating expenses are more equally distributed throughout the year, resulting in a highly seasonal profitability pattern weighted toward the second half of the year. It expects 2018 net income between approximately $203 million and $211 million. The SG&A expenses are likely to increase at a rate faster than net sales. (RR)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 26th Jan 2022

Vietnam-US trade hits $111.56 bn in 2021

Vietnam-US trade hit $111.56 billion in 2021, up by nearly $21...

Pic: Shutterstock

Textiles | On 26th Jan 2022

Turkey using less coal, hydropower; use of renewables, gas up: Ember

The use of coal and water for energy in Turkey reduced in 2021, while ...

Pic: Bangladesh Parliament Secretariat/Facebook

Apparel/Garments | On 26th Jan 2022

Trade Organisation Bill, 2022, introduced in Bangladesh parliament

The Trade Organisation Bill, 2022, aimed at allowing foreign traders...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Instagram & fashion will go a long way together

Textile Industry, Head honchos

Textile Industry
Head honchos

Donating 20,000 N95 masks to hospitals & NGOs

Vandana Narang, National Institute of Fashion Technology

Vandana Narang
National Institute of Fashion Technology

Campus placements are low due to lockdowns

Amelia Adey,

Amelia Adey

The KOOKAI Australia and New Zealand story began in 1992 when Parisian...

Ujjval Saraf,

Ujjval Saraf

Founded by Jimmy Lai, Giordano International Ltd, a Hong Kong based...

Alberto Gotti,

Alberto Gotti

Danitech was born from the will of a group of technicians to offer the...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Abhishek Agarwal, Purple Style Labs

Abhishek Agarwal
Purple Style Labs

Late Indian fashion designer Wendell Rodricks, is known for his...

Anju Modi, Label Anju Modi

Anju Modi
Label Anju Modi

Filmfare Award winner for best costume designer,<b> Anju Modi </b>is...

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

Leave your Comments

ESTEEMED CLIENTS

Hela Clothing Pvt Ltd
C;&A Sourcing International Ltd
Puma
Tchibo GmbH
Tommy Hilfiger
Rosset ;& Cia Limited
Asos
Arvind Limited
Hirdaramani International Export Private Limited
Maceton Limited
Calvin Klein
Brandix Lanka Limited
MAS Active / MAS Kreeda / MAS Bodyline
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Truetzschler India Private Limited
Desigual - ABASIC, S.A.
Alison Hayes Romania
Aramark Uniform ;& Career Apparel, LLC
BIMBA ;& LOLA SL
The LYCRA Company Singapore  Pte. Ltd
Sateri (Jiujiang) Fiber Co.,Ltd
Walmart
Target Corporation (MN)
Decathlon
Recron Polyester from Reliance Industries Limited
Restoque S.A.
John Varvatos
Lululemon Athletica Inc
Cat Tuong Real Estate Group Joint Stock Company
Phong Phu international JSC (PPJ)
Splash
Esprit Europe Services GmbH
THE BOMBAY DYEING ;& MFG.CO. LTD
BIANCA
J ;& P Coats
International Textile Manufacturers Federation
Benetton Group
Gap International Sourcing Limited
SHAHI Exports Pvt Ltd
Tory Burch Hong Kong Ltd
Amazon China
Chori Company Limited
Under Armour Global Sourcing Ltd
OVS Hong Kong Sourcing Ltd.
Huntsman (Singapore) Pte Ltd
NITI Aayog
Gokaldas Exports Limited
Lacoste (Wanchai)
T.T. Limited
H;&M Hennes ;& Mauritz (Far East) Ltd
Boardriders Asia Sourcing Limited
IKEA of Sweden AB
KAS Direct Sourcing
KIABI
Guess Europe Sagl,
Eastman Chemical Company
Gloria Jeans
Grasim Industries Limited
Sportmaster Ltd.
Lenzing Aktiengesellschaft
Landmark Group
Page Industries Limited (Bangalore)
Etam Group Strategy Hong Kong Limited
Bluestem Global Sourcing Limited
LC Waikiki
Varner AS Retail
Vianney Textil Hogar S.A. De C.V.
The Top Form Brassiere Manufacturing Company Limited
Lisa S.P.A.
SYNERGIES HONG KONG LIMITED
PVH Corporation
Seasalt Limited
Sainsbury's Argos Asia Limited
Babyshop
Abit
Chico’ FAS
Midas Clothing Limited
Aquarelle Clothing Limited
Vardhman Textile Ltd
Rayonese Textile Inc., Division de Culp Inc.
Helly Hansen Far East Ltd
Lifestyle
Permoda(Koaj/Armi/Pronto/Bkul)
Groz-Beckert East Asia LLP
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
IDH – The Sustainable Trade Initiative
G-Star Raw C.V.
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
TESCO INTERNATIONAL SOURCING LIMITED
Alix Partners

January 2022

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


Advanced Search