Columbia Sportswear Company designs, sources, markets, and distributes outdoor and active lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment for men, women, and youth under the Columbia, Mountain Hardwear, and prAna brands. Its products are used during various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, and adventure travel. The company also offers footwear products, including hiking boots, trail running shoes, rugged cold weather boots, ...
14375 Northwest Science Park Drive
Portland, OR 97229
Founded in 1938
Columbia Sportswear Company Plans to Open New Stores in North America and Europe
Jul 30 15
Columbia Sportswear Company announced that the company plan to open 12 new outlet stores in North America, 2 prAna-branded stores in the U.S. and 4 outlet stores in Europe during 2015. Additionally, the company recently opened a new PFG-themed Columbia-branded store in Miami, Florida. Together with anticipated sales through its stores and e-commerce platforms in Japan, Korea and China, the company expects global direct-to-consumer sales to continue to account for more than 1/3 of projected global sales for the full year.
Columbia Sportswear Company Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Full Year 2015
Jul 30 15
Columbia Sportswear Company reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. Net sales for the quarter ended June 30, 2015 grew 17% (21% constant-dollar), to a second-quarter record $380.2 million, compared with net sales of $324.2 million for the same period in 2014. Net loss totaled $6.5 million, or $0.09 per share. Second quarter 2014 net loss totaled $6.3 million, or $0.09 per share, including a net tax benefit of $5.6 million, or $0.08 per share, from the favorable resolution of uncertain tax positions, and acquisition costs totaling approximately $2.1 million net of tax, or $0.03 per share, related to the purchase of prAna Living, LLC. Loss from operations was $8,962,000 against $16,989,000 a year ago. Loss before income tax was $8,199,000 against $17,031,000 a year ago.
Net sales grew $110.9 million, or 15% (19% constant-dollar), to $859.2 million, compared to $748.3 million in the first half of 2014, including approximately $57.7 million of incremental net sales from the prAna brand. Net income increased 25% to $19.9 million, or $0.28 per diluted share, compared with net income of $15.9 million, or $0.23 per diluted share, in last year's first half, which included the net tax benefit of $5.6 million, or $0.08 per diluted share, and acquisition costs totaling approximately $2.1 million net of tax, or $0.03 per diluted share, related to the purchase of prAna Living, LLC. Income from operations was $35,160,000 against $18,462,000 a year ago. Income before income tax was $33,830,000 against $18,093,000 a year ago. Net cash provided by operating activities was $24,136,000 against $62,954,000 a year ago. Capital expenditures were $28,365,000 against $24,964,000 a year ago.
A low double-digit percentage increase in global net sales compared to 2014 (mid-teen percentage growth on a constant-dollar basis), including approximately $56.0 million of incremental prAna sales recognized during the January May period. High teen percentage growth in operating income, generating operating margin of approximately 10.3% compared with operating income of $198.8 million, and operating margin of 9.5% in 2014. Net income after non-controlling interest of approximately $160 million to $168 million, or approximately $2.25 to $2.35 per diluted share, representing an increase of approximately 17% to 22% compared with net income of $137.2 million, or $1.94 per diluted share, in 2014.
An estimated full-year effective tax rate of approximately 28.0%.
Columbia Sportswear Company Approves Regular Quarterly Cash Dividend, Payable on September 3, 2015
Jul 30 15
The board of directors of Columbia Sportswear Company approved a regular quarterly cash dividend of $0.15 per share, payable on September 3, 2015 to shareholders of record on August 20, 2015.