Columbia sportswear

Sales of US company Columbia Sportswear from April to June exceed pre-pandemic levels

Columbia Sportswear Company, an innovator in active outdoor clothing and footwear, exceeded expectations with 79% sales growth to $ 566.4 million in the second quarter (Q2) of fiscal 21 compared to the same period of 2020. The company surpassed pre-pandemic levels with strong performance from its US wholesale and DTC brick-and-mortar businesses.

“We eclipsed the financial results for the first half of the year before the pandemic, marking an important step in our recovery. It is clear that our brand portfolio is resonating with consumers and we are well positioned to benefit from current consumer and outdoor trends ”, Tim Boyle, President, President and CEO of Columbia Sportswear Company, said in a statement.

Gross profit for the quarter ended June 30, 2021 jumped to $ 292.5 million ($ 146.2 million), while operating profit increased to $ 34.9 million (loss: 70, $ 3 million). Net income for the quarter increased to $ 40.7 million (Q2 FY20: loss of $ 50.7 million).

Geographically, sales in all regions improved in the quarter: US sales increased 107% to $ 379.1 million ($ 183.2 million); Latin America and Asia-Pacific increased 16% to $ 78.0 million ($ 67.4 million); Europe, Middle East and Africa grew 52% to $ 88.5 million ($ 58.3 million); and Canadian sales increased 170 percent to $ 20.8 million ($ 7.7 million).

Sales of the Columbia brand in the second quarter of FY21 were $ 484.3 million ($ 265.8 million) and Sorel’s sales were $ 23.1 million ($ 13.3 million). of dollars). Additionally, Prana brand sales reached $ 39.7 million ($ 27.7 million) and Mountain Hardwear sales were $ 19.3 million ($ 9.8 million).

“Overall, our spring sales were exceptional and our fall 21 and spring 22 order books indicate continued business momentum. We are raising our financial outlook for the year 2021 despite continued supply chain disruptions related to the pandemic and rising ocean freight costs, ”added Boyle.

In its press release, the company said that the timing of inventory receipts and wholesale shipments in fall 2021 may have a significant impact on upcoming quarterly financial performance, and as a result, it expects a weak 20% year-over-year net sales growth in the second half of 2021.

Fibre2Fashion Information Office (JL)

Columbia Sportswear Company, an innovator in active outdoor clothing and footwear, exceeded expectations with 79% sales growth to $ 566.4 million in the second quarter (Q2) of fiscal 21 compared to the same period of 2020. The company surpassed pre-pandemic levels with strong performance from its US wholesale and DTC brick-and-mortar businesses.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *