×
69 582
Fashion Jobs
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - ny 59th st
Permanent · NEW YORK
SACK OFF 5TH
Asset Protection Guard
Permanent · FARMINGTON HILLS
JCREW
Merchandise Planner
Permanent · New York
MACY'S
Asset Protection Detective, Pleasanton Stoneridge - Part Time
Permanent · Pleasanton
MACY'S
Asset Protection Officer, West Virginia - Full Time (2840)
Permanent · Martinsburg
MACY'S
Asset Protection Investigator, West Virginia - Part Time (2840)
Permanent · Martinsburg
MACY'S
Asset Protection Detective, Coronado Center - Part Time
Permanent · Albuquerque
MACY'S
Asset Protection Detective, Roosevelt - Part Time
Permanent · Philadelphia
MACY'S
Asset Protection Officer, West Virginia - Part Time (2840)
Permanent · Martinsburg
MACY'S
Manager, Merchandise Execution
Permanent · Aventura
MACY'S
Manager, Asset Protection
Permanent · Capitola
MACY'S
Manager, Merchandise Execution
Permanent · Boca Raton
UNDER ARMOUR
Stock Teammate, Part-Time 5am Shift, $15 Per Hour
Permanent · TANNERSVILLE
UNDER ARMOUR
Stock Lead, ft
Permanent · WOODSTOCK
URBN
Assistant General Manager (m&v)
Permanent · GLEN MILLS
URBN
Free People Senior Merchandise Planner
Permanent · PHILADELPHIA
L'OREAL GROUP
Analyst - Supply Chain
Permanent · Streetsboro
L'OREAL GROUP
Payroll, Senior Business Analyst (IT Liaison) – l’Oreal Corporate Payroll
Permanent · St. Petersburg
L'OREAL GROUP
Senior Manager- Human Resources, Luxe Supply Chain
Permanent · South Brunswick Township
PRANA
Director, Strategic Accounts & Sales Business Development
Permanent · CARLSBAD
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - Stanford
Permanent · PALO ALTO
ROSS
Store Protection Specialist
Permanent · Tampa
Published
Oct 28, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Columbia Sportswear posts record sales quarter, profit up double digits

Published
Oct 28, 2022

Columbia Sportswear announced on Thursday record-breaking sales for the third quarter ending September 30, coinciding with a double-digit increase in profits during the three months.


Columbia Sportswear


The Portland, Oregon-based company said net sales increased 19% to a record $955 million, compared to the third quarter of 2021. The increase in sales reflected earlier shipment of higher fall 2022 wholesale orders and direct-to-consumer growth, said the U.S. owner of its namesake Columbia brand, as well as PrAna, Sorel, and Mountain Hardwear brands.

Quarterly net income increased 11% to $111.8 million, or $1.80 per diluted share, compared to net income of $100.6 million, or $1.52 per diluted share.

Likewise, revenues increased 15% to $2.294 billion for the first nine months of the year, from $2 billion, last year. However, net income decreased 6% to $185.8 million, or $2.94 per diluted share, for the year-to-date period.

"Third quarter net sales and earnings growth reflect broad momentum across our business and the power of our collective brand portfolio. Net sales growth was led by the Sorel and Columbia brands, which increased 28% and 19%, respectively," said chairman, president and chief executive officer, Tim Boyle

"I’m excited about the iconic and innovative products we are delivering to consumers this fall, including Columbia’s expanded Omni-Heat Infinity collection and our new disruptive polyfleece innovation, Omni-Heat Helix.

"Based on strong third quarter performance, we are reiterating our full year net sales and diluted earnings per share financial outlook," added Boyle.

Looking ahead, the company expects fiscal 2023 net sales to sit between $3.44 to $3.50 billion, representing net sales growth of 10 to 12%, compared to 2021. Diluted earnings per share are expected to be between $5.00 and $5.40, the company added.

Copyright © 2023 FashionNetwork.com All rights reserved.