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Columbia Sportswear record Q2 results

27 Jul '07

3 min read

Columbia Sportswear Company a global leader in the active outdoor apparel and footwear industries announced net sales of $218.6 million for the quarter ended June 30, 2007, an increase of 3 percent compared to net sales of $211.6 million for the same period of 2006.

Net income for the second quarter was $10.0 million, a 108 percent increase compared to net income of $4.8 million for the same period of 2006.

Earnings per share for the second quarter of 2007 were $0.27 (diluted) on 36.5 million weighted average shares, compared to earnings per share of $0.13 (diluted) for the second quarter of 2006 on 37.0 million weighted average shares.

Compared to the second quarter of 2006, Other International net sales increased 14 percent to $58.0 million, Europe net sales increased 9 percent to $31.6 million, U.S. net sales decreased 2 percent to $117.1 million, and Canada net sales decreased 5 percent to $11.9 million for the second quarter of 2007.

Excluding changes in currency exchange rates, consolidated net sales increased 2 percent, Other International net sales increased 14 percent, Europe net sales increased 1 percent, U.S. net sales decreased 2 percent, and Canada net sales decreased 6 percent for the second quarter of 2007, compared to the same period of 2006.

For the second quarter of 2007, sportswear net sales increased 11 percent to $124.4 million, footwear net sales decreased 2 percent to $42.5 million, outerwear net sales decreased 8 percent to $39.8 million and accessories and equipment net sales decreased 8 percent to $11.9 million, compared to the second quarter of 2006.

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