Sportswear, outerwear & footwear sales up at Columbia Sportswear's Q3
28 Oct '06
3 min read
Earnings per share for the third quarter of 2006 were $1.67 (diluted) on 36.1 million weighted average shares, net of $0.04 per share of stock-based compensation expense, compared to earnings per share of $1.74 (diluted) for the third quarter of 2005 on 38.1 million weighted average shares.
Compared to the third quarter of 2005, U.S. sales increased 12.8 percent to $276.3 million, Other International sales increased 15.1 percent to $57.8 million, European sales increased 6.9 percent to $66.4 million, and Canadian sales increased 1.9 percent to $53.6 million for the third quarter of 2006.
Excluding changes in currency exchange rates consolidated net sales for the third quarter of 2006 increased 9.1 percent. U.S. sales increased 12.8 percent, Other International sales increased 14.9 percent, European sales increased 2.3 percent, and Canadian sales decreased 5.7 percent for the third quarter of 2006.
For the third quarter of 2006, sportswear sales increased 16.6 percent to $146.6 million, outerwear sales increased 8.1 percent to $217.8 million, footwear sales increased 8.8 percent to $69.4 million, equipment sales increased 150.0 percent to $4.5 million, and accessories sales decreased 7.6 percent to $15.8 million compared to the third quarter of 2005.
Tim Boyle, Columbia's president and chief executive officer, commented, “Third quarter gross margins were higher than anticipated due to better than expected gross margins on Columbia-branded sportswear, Pacific Trail, and Mountain Hardwear apparel."
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.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
