Columbia Sportswear in the United States Announces a 22% Increase in Sales for the First Quarter of FY22

Columbia Sportswear, a leading U.S.-based innovator in outdoor, active and everyday apparel, footwear, accessories and gear, reported a record 22% sales increase for the first quarter (Q1) for fiscal 2021 (FY21) ended March 31, 2022. Net sales increased to $761.5 million from $625.6 million in the prior year’s first quarter.

Net income increased 20% to $66.8 million from net income of $55.9 million for the comparable period in 2021. The increase in net sales was driven by strong consumer demand and to higher order shipments in spring 2022, with growth across all brands, channels and geographies.

Chairman, President and CEO Tim Boyle commented in a statement, “Our strong financial performance in the first quarter, including 22% net sales and 23% diluted earnings per share growth, validates our strategies and demonstrates that our brands are resonating with consumers.”

Columbia Sportswear, a leading American innovator of outdoor, active and everyday apparel, footwear, accessories and equipment, announced a record 22% increase in sales for the first quarter (Q1) of Fiscal 2021 ended March 31, 2022 Net sales increased to $761.5 million from $625.6 million in the prior year’s first quarter.

On the brand side, Sorel sales increased 37% to $63.6 million ($46.3 million), driving growth in the first quarter of FY22, while Columbia sales rose 22% to $643.8 million ($527.4 million). In addition, sales of the Prana and Mountain Wear brands increased by 4% and 5% respectively.

Based on location, the United States rose 23% to $501.9, followed by Latin America and Asia-Pacific, which rose 9% to $121.7 million. Europe, the Middle East and Africa saw a record sales increase of 34% to $94.7 million, while Canada sales rose 26% to $43.2 million.

“Sorel led the charge with 37% year-over-year growth, despite supply issues, underscoring the phenomenal demand for the brand’s styles year-round. We are confident in our ability to realize the tangible growth opportunities ahead of us, and that confidence is reflected in our repurchase of more than $200 million of common stock during the quarter,” Boyle added.

The company expects sales to grow 16-18% to $3.63-3.69 billion in 2022 from $3.13 billion in 2021, and net profit is expected to be $363-3.69 billion. $382 million.

Fibre2Fashion News Office (HO)

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