Net income surged 64% to $74,177,000 from $45,107,000 in the seasonally small first quarter as the top line increased 8% to $654,608,000 from $607,308,000 and gained 10% constant currency. COLM’s direct-to-consumer business continued to outperform, increasing 12% to $291.4 million, ahead of a 4% improvement in wholesale to $363.2 million. Apparel, accessories and equipment sales grew 7% to $526.0 million despite declines from prAna and Mountain Hardwear, while footwear sales increased 10% to $128.6 million. Gross margin expanded 210 basis points to 51.4% on a higher proportion of direct sales and more full-price sales at wholesale. SG&A increased $8.3 million ... Log in to view full article.