Columbia Sportswear Reports Q1 Record
Co
lumbia Sportswear Company announced record first quarter net sales of $479 million, an increase of $54.9 million compared with first quarter 2014 net sales.
In the three months to March 31, the outerwear and sportswear company had a net income that increased 19% to $26.5 million, a first quarter record. The company also had an operating income of $44.1 million, an increase of 24%.
Tim Boyle, Columbia’s chief executive officer said, “2015 is off to a strong start, building on the momentum we created in 2014 behind the Columbia, Sorel and prAna brands. We are experiencing exceptional sell-through in North America through the first half of the spring season and our European business has returned to growth.”
Columbia updated its 2015 outlook to reflect the strong performance and now expects sales to grow into the high single-digits. It expects net income between $154 million and $161 million and operating income to grow in the mid-teens.
