Net income fell 82% in the seasonally small second quarter to $7,163,000 from $40,684,000 last year, on 2% higher revenues of $578,063,000 against $566,370,000, that were up 4% constant currency. Wholesale slipped 1% to $299.9 million, hurt by essentially zero sales to its distributor in Russia and Covid lockdowns in China. Direct-to-consumer grew 5% to $278.2 million on an 11% increase in brick-and-mortar, but e-commerce was down 5% on lower prAna and China sales.

Columbia brand sales were flat at $485.9 million, but COLM’s smaller brands’ sales all expanded in the quarter. ... Log in to view full article.