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U.S. company Columbia Sportswear sales exceed pre-pandemic levels from April to June

Columbia Sportswear Company, an active outdoor lifestyle apparel and footwear innovator, saw sales in the second quarter of 2009 increase 79% compared to the same period in 2020, up 566,640. It was $ 10,000, which was better than expected. We have strong performance in the US wholesale and DTC brick and mortar businesses.

“We outperformed the pre-pandemic first half of 2019 and marked an important milestone in our recovery. It’s clear that our portfolio of brands is sympathetic to consumers today, and that of consumers and the outdoors. We are in a position to profit from the trends. ” Tim Boyle, Chairman, President and CEO of Columbia Sportswear Company, Said in a press release.

Gross profit for the quarter ended June 30, 2021 surged to $ 292.5 million ($ 146.2 million), while operating profit rose to $ 34.9 million (loss: $ 70.3 million). Net income expanded to $ 40.7 million in the quarter (Q2 2008: loss of $ 50.7 million).

Geographically, sales improved in all regions during the quarter. US sales increased 107% to $ 379.1 million ($ 183.2 million). Latin America and Asia Pacific were up 16% to $ 78 million ($ 67.4 million). Europe, the Middle East and Africa increased 52% to $ 88.5 million ($ 58.3 million). Canada’s sales increased 170% to $ 20.8 million ($ 7.7 million).

In the second quarter of 2009, Colombian brand sales were $ 484.3 million ($ 265.8 million) and Sorrel sales were $ 23.1 million ($ 13.3 million). In addition, Prana brand sales increased to $ 39.7 million ($ 27.7 million) and Mountain Hardwear sales were $ 19.3 million ($ 9.8 million).

“Overall, spring sell-throughs are extraordinary, and fall 21 and spring 2010 purchase orders show that business momentum continues, despite pandemic-related supply chain disruptions and rising maritime costs. Instead, we are raising our full-year financial outlook for 2021, “Boyle added.

According to the company’s press release, inventory receipt and wholesale shipment timing in the fall of 2021 could have a significant impact on future quarterly financial performance, resulting in a 20% year-on-year increase in net sales in the second half of the year. Is expected. 2021.

Fiber2Fashion News Desk (JL)

Columbia Sportswear Company, an active outdoor lifestyle apparel and footwear innovator, saw sales in the second quarter of 2009 increase 79% compared to the same period in 2020, up 566,640. It was $ 10,000, which was better than expected. We have strong performance in the US wholesale and DTC brick and mortar businesses.



U.S. company Columbia Sportswear sales exceed pre-pandemic levels from April to June

Source link U.S. company Columbia Sportswear sales exceed pre-pandemic levels from April to June

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