Net income leaped 137% to $23,029,000 against $9,737,000 for the three months ended Jun. 30 as sales increased 9% to $526,210,000 from $481,619,000 with the increase driven by a strong Spring business in the PFG line that is now approaching $200 million in sales and some early wholesale shipments in the U.S. market. While Q2 remains the company’s smallest seasonal quarter, it continues to show counterseasonal progress with the Columbia and Sorel brands.

COLM upped guidance slightly by raising the low end of its sales guidance to a forecast of 7-8.5% growth for the year with gross margin expansion of 80 ... Log in to view full article.