Net income increased 20% to $ 66.8 million, compared to a net income of $ 55.9 million for the comparable period in 2021. The increase in net sales was due to strong consumer demand and an increase in orders in the spring of 2022, with growth across all brands and channels. And geography.
Chairman, President and Chief Executive Officer Tim Boyle “Solid performance in the first quarter, including 22% net sales and 23% diluted earnings per share growth, validated our strategy and made our brand a consumer, commented in the release. It shows that they are sympathetic. “
Columbia Sportswear, a leading US-based innovator of outdoor, active and everyday lifestyle apparel, footwear, accessories and equipment products, finished its first quarter of 2021 on March 31, 2022. Quarterly) sales are reported to have increased by 22%, a record high. Net sales increased to $ 761.5 million, compared with $ 625.6 million in the year-ago quarter.
By brand, Solel sales were up 37% to $ 63.6 million ($ 46.3 million), driving growth in the first quarter of 2010, and Columbia sales were up 22% to $ 643.8 million (5). It was $ 227.4 million). In addition, sales of the Prana and Mountain Wear brands increased by 4% and 5%, respectively.
Based on location, the United States was up 23% to $ 501.9 and Latin America and Asia Pacific were up 9% to $ 121.7 million. Sales in Europe, the Middle East and Africa increased 34% to $ 94.7 million, and sales from Canada increased 26% to $ 43.2 million.
“Sorrel leads prices with 37% year-over-year growth despite supply challenges, highlighting the incredible demand for the brand’s year-round style. We have concrete growth going forward. We are confident in our ability to realize the opportunity, and this confidence is reflected in the repurchase of over $ 200 million in common stock during the quarter, “Boyle added.
The company expects revenue to grow 16-18% from $ 3.13 billion in 2021 to $ 363-3.69 billion, with net profit of $ 363 million to 382 million. I expect it to be in dollars.
Fiber2Fashion News Desk (HO)
Columbia Sportswear in the U.S. reports a 22% increase in sales in the first quarter of 2010
Source link Columbia Sportswear in the U.S. reports a 22% increase in sales in the first quarter of 2010