Columbia Sportswear Company, global leader in active lifestyle apparel, footwear and accessories, has announced its financial results for the second quarter and first six months of the current financial year. In the period under consideration, the company noted an increase of 2 per cent in net sales to US $ 388.8 million compared to US $ 380.2 million in the previous year. Its net loss accounted for US $ 8.2 million compared to second quarter 2015 net loss of US $ 6.5 million.
The company’s net sales increased by 6 per cent to US $ 913.9 million in the first six months of 2016 compared to US $ 859.2 million in the same period last year. However, operating income in the period under review noted a downfall of 8 per cent to US $ 32.5 million compared to US $ 35.2 million in the first half of 2015.
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“Substantial growth from three of our four major brands and improved gross margins in a challenging global environment accounted for our fruitful first half results. High-single-digit wholesale growth and low 20 per cent direct-to-consumer growth in the US, combined with mid 20 per cent constant-currency growth in Europe-direct markets and 20 per cent constant-currency growth in Canada signify market share gain in each of these important geographies during the first half of 2016,” states Tim Boyle, Chief Executive Officer, Columbia Sportswear Company.