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Columbia Sportswear Q2 profit slides 24%

29
Jul '06
Columbia Sportswear Company, a global leader in the active outdoor apparel and footwear industries, announced second quarter net sales of $211.6 million for the quarter ended June 30, 2006, an increase of 13.6 percent over net sales of $186.2 million for the same period of 2005.

The net income decreased 23.8 percent to $4.8 million for the second quarter of 2006 from $6.3 million for the same period of 2005. Net income for the second quarter of 2006 included $2.0 million in after-tax stock-based compensation expense, or $0.05 per diluted share.

Compared to the second quarter of 2005, Other International sales increased 25.2 percent to $51.1 million, US sales increased 7.8 percent to $118.9 million, Europe sales increased 14.6 percent to $29.1 million, and Canada sales increased 28.9 percent to $12.5 million for the second quarter of 2006.

Excluding changes in currency exchange rates, consolidated net sales increased 13.5 percent, Other International sales increased 25.7 percent, US sales increased 7.8 percent, Europe sales increased 17.3 percent, and Canada sales increased 17.5 percent for the second quarter of 2006, compared to the same period of 2005.

For the second quarter of 2006, sportswear sales increased 9.6 percent to $112.2 million, footwear sales increased 25.9 percent to $43.2 million, equipment sales increased 159.3 percent to $7.0 million, outerwear sales increased 8.0 percent to $43.2 million and accessories sales decreased11.8 percent to $6.0 million, compared to the second quarter of 2005.


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