×
533
Fashion Jobs
RALPH LAUREN
Assistant General Manager
Permanent · Portsmouth
TOMASZ DONOCIK
Digital Marketing & Sales Coordinator
Permanent · LONDON
LEVI'S
Global Security & Resilience Manager Europe
Permanent · London
PUMA
Digital Marketing Executive Uki
Permanent · Manchester
PUMA
Supply/Planning & Purchasing Controller
Permanent · London
PUMA
Sales Support Coordinator With Golf Experience
Permanent · Castleford
PUMA
Strategic Key Account Manager jd Group
Permanent · Manchester
LEVI'S
Digital Key Account Manager - Footwear & Accessories
Permanent · London
LEVI'S
Licensing Operations Manager
Permanent · London
FOREO
Head of Marketing
Permanent · London
SHISEIDO
Senior Marketing Manager - Shiseido
Permanent · London
SHISEIDO
Bareminerals Account Manager - Moores, Colearine
Permanent · Coleraine
SHISEIDO
Accounts Payable Manager
Permanent · LONDON
GUCCI LIMITED
Gucci Client Advisor (Part-Time)
Permanent · BIRMINGHAM
LEVI'S
Levis Cambridge Tailor 8 - 25 Hours
Permanent · Cambridge
LEVI'S
Levis Cambridge Sales (Weekends & Weekdays)
Permanent · Cambridge
LEVI'S
Key Holder - 16 Hour Contract
Permanent · Stretford
OTIS JAXON
a Pourvoir Immédiatement - Stage e - Commerce Bijoux
Internship · LONDON
OTIS JAXON
Jewellery Admin Internship – Ecommerce Jewellery Company - London
Internship · LONDON
OTIS JAXON
Social Media And Content Creation Internship
Internship · LONDON
MARIA TASH LIMITED
Business Development Coordinator
Fixed-term · LONDON
SPOT ON MINDS LTD
HR Recruiter Internship
Internship · LONDON
Published
Oct 31, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Columbia Sportswear revenues boosted by Sorel sales jump

Published
Oct 31, 2019

American active and footwear group Columbia Sportswear Company announced solid revenue and earnings gains for the third quarter on Wednesday, as its Sorel brand saw accelerated growth thanks to strong demand for its fall fashion styles.
 

Sales at Columbia's Sorel brand were driven by strong demand for its fall fashion styles - Instagram: @sorelfootwear


The Portland, Oregon-based company’s net sales increased 14% (15% in constant currencies) to $906.8 million in the third quarter ended September 30, 2019, up from $795.8 million in the prior-year period.
 
At Sorel, sales shot up 27% to $116.1 million, while the company’s namesake Columbia brand also posted a more than respectable 14% increase in sales, which totaled $729.5 million. The news was less positive at the prAna and Mountain Hardwear brands, where sales fell 4% to $38.5 million, and 1% to $22.7 million, respectively.

Geographically, the company’s growth was spread across the regions in which it has operations, but Canada and the U.S. made the most significant progress during the quarter. In Canada, sales rose 21% to $97.9 million, while in the U.S. – Columbia’s largest market – revenues totaled $581.3 million, up 17% compared to the same period in the previous year.
 
The group’s quarterly net income increased 19% to $119.3 million, or $1.75 per diluted share, compared to the $100.2 million, or $1.42 per diluted share, reported by the company in Q3 2018.
 
The quarter was a fitting conclusion to the first nine months of 2019 for Columbia, whose net sales rose 11% (12% in constant currencies) to $2.1 billion during the period, compared to $1.9 billion in the same period in the previous year.
 
Year to date, the company’s net income jumped 40%, totaling $216.5 million, or $3.15 per diluted share, up from $155.0 million, or $2.19 per diluted share.
 
“Record third quarter results exceeded our expectations, with broad based growth across our geographic segments, channels and product categories,” said Columbia Sportswear President and CEO Tim Boyle in a release. “As we enter our peak selling season, I’m confident that our powerful brand portfolio, globally diversified business model and the dedication and focus of our talented global team position us to deliver another year of record sales and profit.”
 
Looking forward, Columbia has revised up its full-year guidance and currently expects to see annual net sales in the range of $3.01 billion to $3.04 billion, representing growth of between 7.5% and 8.5%. Diluted earnings per share are forecast to be between $4.70 and $4.80.

Copyright © 2021 FashionNetwork.com All rights reserved.