Columbia Brand Gains Power Strong Q2 at Parent, Raises FY Guidance
Net income was $9,737,000 compared to a loss of $11,535,000 in a seasonally small quarter for the company ended Jun. 30 with sales advancing 21% to $481,619,000 from $398,904,000. The Columbia brand gained 22% to $414.8 million against $340.5 million, powered by strong U.S. business at wholesale and DTC and strong growth in Europe. Prana sales were up 9% to $38.1 million from $35.0 million and Sorel increased by 85% to $11.4 million from $6.0 million. Mountain Hardwear sales were off 1% to $16.0 million from $16.1 million. COLM now sees sales rising 9-10.5% for the year (prior 8-10%) with ... Log in to view full article.