Columbia Sportswear has reported 20 per cent rise in net income to US $ 31.8 million in the first quarter of the current fiscal as against US $ 26.5 million in the same period last year. Net sales also surged by 10 per cent to US $ 525.1 million versus US $ 478.9 million last year. Operating income increased to US $ 44.3 million, up 8.4 per cent from last year.
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Commenting on the results, Tim Boyle, CEO of Columbia Sportswear said, “Our diverse brand portfolio drove strong growth during the first quarter, including high-20 per cent growth in our US direct-to-consumer channels and low-teen percentage growth in our US wholesale channel. The Columbia, Sorel, Prana and Mountain Hardwear brands each generated double-digit percentage constant-currency net sales growth in North America. We’re also extremely encouraged by our continued progress in our Europe-direct markets, where the Columbia brand drove high 20 per cent constant-currency growth.”
Columbia Sportswear has further said that its net income (after non-controlling interest) is predicted to rise by around 9 per cent, to between US $ 184 million and US $ 191 million in the full year 2016.
