Columbia Sportswear Company, an innovator in active outdoor lifestyle apparel and footwear, reported 4 per cent sales decline to $915.7 million in its fourth quarter (Q4) FY20 ended on December 31, 2020, compared to sales of $954.9 million in the same period prior fiscal. Net income for the period fell 16 per cent to $95.8 million (Q4 FY19: $114.0 million).
Columbia Sportswear Company, an innovator in active outdoor lifestyle apparel and footwear, reported 4 per cent sales decline to $915.7 million in its fourth quarter (Q4) FY20 ended on December 31, 2020, compared to sales of $954.9 million in the same period prior fiscal. Net income for the period fell 16 per cent to $95.8 million (Q4 FY19: $114.0 million).#
“I’m encouraged to see better than expected fourth quarter results and broad-based momentum across our powerful brand portfolio as we begin 2021,” Tim Boyle, chairman, president and chief executive officer at Columbia Sportswear Company, said in a press release.
Columbia Sportswear Company, an innovator in active outdoor lifestyle apparel and footwear, reported 4 per cent sales decline to $915.7 million in its fourth quarter (Q4) FY20 ended on December 31, 2020, compared to sales of $954.9 million in the same period prior fiscal. Net income for the period fell 16 per cent to $95.8 million (Q4 FY19: $114.0 million).#
“E-commerce net sales grew an impressive 41 per cent year-over-year in the quarter, representing nearly a quarter of our total sales mix. With strong fall 2020 sell-through rates, our wholesale partners are well positioned to exit the season with clean inventory positions,” Boyle said.
Columbia Sportswear Company, an innovator in active outdoor lifestyle apparel and footwear, reported 4 per cent sales decline to $915.7 million in its fourth quarter (Q4) FY20 ended on December 31, 2020, compared to sales of $954.9 million in the same period prior fiscal. Net income for the period fell 16 per cent to $95.8 million (Q4 FY19: $114.0 million).#
Gross profit for the quarter came down to $463.0 million ($478.6 million). Selling, general and administrative expenses were stagnant at $343.2 million ($344.4 million). Company’s income from operations for Q4 FY20 was $123.6 million ($138.6 million).
Columbia Sportswear Company, an innovator in active outdoor lifestyle apparel and footwear, reported 4 per cent sales decline to $915.7 million in its fourth quarter (Q4) FY20 ended on December 31, 2020, compared to sales of $954.9 million in the same period prior fiscal. Net income for the period fell 16 per cent to $95.8 million (Q4 FY19: $114.0 million).#
Except Canada, sales in all the geographical regions for the fourth quarter were down: US sales fell 6 per cent to $599.1 million ($634.0 million), LAAP dipped 5 per cent to $163.6 million ($171.6 million), EMEA sales fell 14 per cent to $85.6 million ($99.8 million), whereas Canada sales jumped 36 per cent to $67.4 million ($49.5 million).
Columbia Sportswear Company, an innovator in active outdoor lifestyle apparel and footwear, reported 4 per cent sales decline to $915.7 million in its fourth quarter (Q4) FY20 ended on December 31, 2020, compared to sales of $954.9 million in the same period prior fiscal. Net income for the period fell 16 per cent to $95.8 million (Q4 FY19: $114.0 million).#
During the quarter, Columbia brand’s sales came down 7 per cent to $699.7 million ($751.1 million). Whereas, Sorel’s sales were 5 per cent to $150.0 million ($143.5 million) and Prana’s sales rose 11 per cent to $36.9 million ($33.1 million).
Columbia Sportswear Company, an innovator in active outdoor lifestyle apparel and footwear, reported 4 per cent sales decline to $915.7 million in its fourth quarter (Q4) FY20 ended on December 31, 2020, compared to sales of $954.9 million in the same period prior fiscal. Net income for the period fell 16 per cent to $95.8 million (Q4 FY19: $114.0 million).#
“As we begin 2021, there is continued uncertainty and business risks surrounding the ongoing pandemic, including the timing and effectiveness of global efforts to contain the spread of Covid-19,” Boyle said in the release.
Fibre2Fashion News Desk (JL)