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Sales jump 8.8% in Q2 for footwear maker Columbia

29
Jul '05
Active outdoor apparel and footwear leader Columbia Sportswear Company reported second quarter 2005 results. Columbia Sportswear announced net sales of $186.2 million for the quarter ended June 30, 2005, an increase of 8.8 percent over net sales of $171.1 million for the same period of 2004.

Highlights:

- Global net sales increased $186.2 million, an 8 .8 percent increase over second quarter 2004 sales of $171.1 million.

- Second quarter net income was $6.3 million, or $0.16 per diluted share, compared to $10.7 million, or $0.26 per diluted share, for the same period last year.

- During the second quarter, approximately 2.6 million shares of common stock were repurchased at an aggregate purchase price of approximately $116.5 million.

- Company reaffirms prior fiscal 2005 guidance of revenue growth of approximately 5 percent, and net income decline of 8 to 12 percent.

The Company reported net income for the second quarter of $6.3 million, a 41.1 percent decrease over net income of $10.7 million for the same period of 2004. Earnings per share for the second quarter of 2005 were $0.16 (diluted) on 39.3 million weighted average shares, compared to earnings per share of $0.26 (diluted) for the second quarter of 2004 on 41.1 million weighted average shares.

Compared to the second quarter of 2004, Other International sales increased 44.7 percent to $40.8 million, U.S. sales increased 4.2 percent to $110.3 million, European sales increased 3.7 percent to $25.4 million, and Canadian sales decreased 22.4 percent to $9.7 million for the second quarter of 2005.


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