×
159
Fashion Jobs
PUMA
Junior Manager go-to-Market Operations Nordic
Permanent · Solna
PUMA
Senior Key Account Manager Running Nordic
Permanent · Solna
PUMA
Senior Marketing Manager Cobra Puma Golf Europe
Permanent · Solna
PUMA
Strategic Key Account Manager Pure Players
Permanent · Solna
LEVI'S
Key Account Manager
Permanent · Stockholm
H&M
Global Head of Marketing h&m Sport
Permanent · Stockholm
H&M
Project Leader For Material Certification And Material Trademark Within Group Compliance
Permanent · Stockholm
PUMA
Project Manager IT Sap
Permanent · Solna
H&M
Art Director – h&m Group Communications
Permanent · Stockholm
H&M
Data Analyst to Predictive Analytics Team @h&m Business Tech
Permanent · Stockholm
H&M
Data Analyst to an Inventory Optimization Team in Business Tech
Permanent · Stockholm
H&M
Business Minded Data Specialist to h&m Group
Permanent · Stockholm
H&M
Scrum Master (Service Now) to Support And Operations Toolings Team at h&m Business Tech
Permanent · Stockholm
H&M
we Are Looking For Business Intelligence Analysts to Group Expansion, h&m
Permanent · Stockholm
H&M
Business Intelligence Analyst
Permanent · Stockholm
H&M
Cyber Security Trainer
Permanent · Stockholm
H&M
Security Advisor
Permanent · Stockholm
H&M
h&m is Looking For a Business Expert For Allocation Precision
Permanent · Stockholm
H&M
Power bi Specialist to Kpi Dashboards Within Business Tech
Permanent · Stockholm
H&M
ai Learning & Development Manager
Permanent · Stockholm
H&M
Import-Export Manager to h&m Distribution Centre in Eskilstuna
Permanent · Eskilstuna
H&M
Scrum Master to Support & Operation Tooling, Monitoring & Insights Team at h&m Business Tech
Permanent · Stockholm
By
Fibre2Fashion
Published
Aug 3, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Columbia Sportswear April-June sales exceed pre-pandemic levels

By
Fibre2Fashion
Published
Aug 3, 2021

Columbia Sportswear Company, a specialist in active outdoor lifestyle apparel and footwear, has exceeded its expectations with 79% sales growth to $566.4m in Q2 of FY21 compared to same period of 2020. The company surpassed pre-pandemic levels with a strong performance in its US wholesale and D2C bricks & mortar businesses.



“We eclipsed pre-pandemic first half 2019 financial results, marking an important milestone in our recovery. It is clear that our brand portfolio is resonating with consumers and we are well positioned to benefit from current consumer and outdoor trends,” Tim Boyle, chairman, president and chief executive officer, said.
 
Gross profit for the quarter ended on June 30, surged to $292.5 million (from $146.2 million), and operating income increased to $34.9 million (from a loss of $70.3 million). Net income for the quarter expanded to $40.7 million (Q2 FY20 was a loss $50.7 million).

Geographically, sales in all the regions improved during the quarter: US sales rose 107 per cent to $379.1 million ($183.2 million); Latin America and Asia Pacific grew 16 per cent to $78.0 million ($67.4 million); Europe, Middle East and Africa was up 52 per cent to $88.5 million ($58.3 million); and Canada’s sales escalated 170 per cent to $20.8 million ($7.7 million).
 
Sales from the Columbia brand during Q2 FY21 were $484.3 million ($265.8 million), and Sorel sales were $23.1 million ($13.3 million). Moreover, Prana brand’s sales rose to $39.7 million ($27.7 million), and Mountain Hardwear sales were $19.3 million ($9.8 million).
 
“Overall, our Spring sell-through has been exceptional and our fall 21 and spring 22 order books point to continued momentum in the business. We are raising our full year financial outlook for 2021 despite ongoing pandemic-related supply chain disruptions and higher ocean freight costs,” Boyle added.
 
The company in its press release said that the timing of fall 2021 inventory receipts and wholesale shipments can have a significant impact on quarterly upcoming financial performance, and hence it expects low-20 per cent year-over-year net sales growth in second half of 2021.

Copyright © 2022 Fibre2Fashion. All rights reserved.