×
79 324
Fashion Jobs
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Deer Park Outlet
Permanent · Deer Park
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Short Hills
Permanent · Millburn
ULTA BEAUTY, INC.
General Manager
Permanent · Buena Park
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Lake Stevens
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Battle Creek
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Gambrills
URBN
Urban Outfitters, Inc. Operations Manager
Permanent · RENO
URBN
Free People Assistant Visual Manager
Permanent · OAK BROOK
ESTEE LAUDER
2nd Shift Order Handler $1500 Sign-on Bonus
Permanent · Bristol
NORDSTROM
Retail Stock & Fulfillment - Beachwood Place
Permanent · Beachwood
NORDSTROM
Assistant General Manager- Bazille- Cherry Creek Shopping Center
Permanent · Denver
NORDSTROM
Asset Protection - Agent - Cherry Creek Shopping Center
Permanent · Denver
GAP
General Manager - Suburban Square
Permanent · Ardmore
GAP
Asset Protection Service Representative - Broadway & Maiden
Permanent · New York
GAP
Asset Protection Coordinator - Sawgrass Mills
Permanent · Sunrise
MACY'S
Asset Protection Detective, Parks at Arlington - Full Time
Permanent · Arlington
MACY'S
Asset Protection Detective, Southcenter - Standard Part Time
Permanent · Seattle
MACY'S
Asset Protection Detective, Shoppes at Buckland Hills - Standard Part Time
Permanent · Hartford
MACY'S
Asset Protection Detective, Glenbrook Square Mall - Standard Part Time
Permanent · Fort Wayne
MACY'S
Asset Protection Security Guard, Los Angeles dt Broadway Plaza - Standard Part Time
Permanent · Los Angeles
MACY'S
Asset Protection Detective, Manassas - Full Time
Permanent · Manassas
MACY'S
Buyer
Permanent · New York
Published
Jul 25, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Columbia Sportswear reveals record second quarter, increases 2019 outlook

Published
Jul 25, 2019

Following a strong first quarter, Columbia Sportswear Company reported another record-breaking sales quarter on Thursday.

Columbia announces record second quarter. - Facebook: Columbia Sportswear


Net sales increased 9 percent, or 11 percent in constant currencies, to $526.2 million, up from $481.6 million for the comparable period in 2018.

By brand, Sorel sales climbed the most, jumping 32 percent to $15.1 million, while Columbia brand sales increased 10 percent to $454.9 million, led by its U.S. wholesale and direct-to-consumer performance.

Comparatively, PrAna brand net sales were up by a modest 2 percent to $38.7 million, while Mountain Hardwear brand net sales jumped 9 percent to $17.5 million.

Net sales in the U.S., by far Columbia’s biggest market, increased 13 percent. The company’s Latin America Asia Pacific (LAAP) net sales were steady, increasing by just 1 percent. 
 
Likewise, the company’s Europe, Middle East and Africa (EMEA) region was up 8 percent in net sales, while Canada’s net sales equally climbed 12 percent.

Net income increased 137 percent to $23 million, or $0.34 per diluted share, from $9.7 million, or $0.14 per diluted share, for the comparable period in 2018. 

For the first-half, net income increased 77 percent to $97.2 million, or $1.41 per diluted share, while net sales for the six months lifted 8 percent to $1.18 billion, said the Portland, Oregon-based company.

"2019 is shaping up to be another great year for Columbia Sportswear Company. Momentum across our diverse brand portfolio, distribution channels and regions along with Project Connect financial benefits fueled record second quarter and first half financial performance,” said president and CEO, Tim Boyle, in a news statement.

Looking ahead, the company increased its full-year outlook and is now predicting net sales of $3.00 to $3.04 billion, compared to previously forecasted results of $2.98 to $3.04 billion, representing a net sales growth of 7 to 8.5 percent.

Operating income is now expected to be of $388 to $396 million for the full-year and diluted earnings per share of $4.65 to $4.75.

The company will be focusing on enhancing its consumer experience and digital capabilities, as well as its global direct-to-consumer operations among other things this year. 

"As we enter the second half of 2019, our brand, channel, geographic and supply chain diversification positions us for continued profitable growth despite global economic and trade uncertainty," continued Boyle.

"Our first half results, fall 2019 advance orders and current business momentum position us to deliver another record year of growth and profitability.

“Our profitable growth trajectory and fortress balance sheet, with cash and short-term investments of over $500 million and no long-term debt, provide a foundation of strength and confidence from which we will continue investing in our strategic priorities," Boyle concluded.

Copyright © 2022 FashionNetwork.com All rights reserved.