Demand spurs Columbia Sportswear's fiscal performance

30 Apr '07

2 min read

Columbia Sportswear Company announced first quarter net sales of $289.6 million for the quarter ended March 31, 2007, an increase of 11.3 percent compared to net sales of $260.2 million for the same period of 2006. Net income for the first quarter was $26.1 million, a 33.8 percent increase compared to net income of $19.5 million for the same period of 2006.

Earnings per share for the first quarter of 2007 were $0.71 (diluted) on 36.6 million weighted average shares, compared to earnings per share of $0.52 (diluted) for the first quarter of 2006 on 37.3 million weighted average shares.

Compared to the first quarter of 2006, Other International sales increased 30.9 percent to $54.2 million, U.S. sales increased 7.7 percent to $155.5 million, European sales increased 12.7 percent to $54.1 million, and Canadian sales decreased 2.3 percent to $25.8 million for the first quarter of 2007.

Excluding changes in currency exchange rates, consolidated net sales increased 9.6 percent, Other International sales increased 30.4 percent, U.S. sales increased 7.7 percent, European sales increased 2.7 percent, and Canadian sales remained essentially flat for the first quarter of 2007, compared to the same period of 2006.

For the first quarter of 2007, sportswear sales increased 15.0 percent to $163.1 million, outerwear sales increased 8.3 percent to $59.8 million, footwear sales increased 4.3 percent to $52.9 million and accessories and equipment sales increased 10.4 percent to $13.8 million, compared to the first quarter of 2006.

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