Prana news and archive

Columbia Sportswear beats Q4 estimates despite annual sales dip

Outerwear player Columbia Sportswear managed to surpass Wall Street’s fourth revenue estimate with sales up 3 percent to 1.10 billion dollars for the fourth quarter of fiscal 2024. However, according to OregonLive, the company's shares were down around 8 percent in after-hours trading on Tuesday following a 3 percent decline in full year sales....

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Columbia Sportswear posts drop in Q3 results

Third quarter net sales at Columbia Sportswear decreased 5 percent to 931.8 million dollars, operating income decreased to 112.5 million dollars or 12.1 percent of net sales, and diluted earnings per share dropped to 1.56 dollars. The company expects net sales for the full year to range between 3.31 to 3.38 billion dollars, representing a...

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Columbia Sportswear posts Q2 loss, net sales decline

Net sales at Columbia Sportswear decreased 8 percent or 7 percent constant-currency to 570.2 million dollars reflecting lower wholesale net sales in the US due to retailer cautiousness, a difficult competitive environment, and generally soft consumer demand. The company said second quarter gross margin contracted 270 basis points to 47.9...

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Columbia Sportswear's Q1 net sales drop by 6 percent

For the first quarter, Columbia Sportswear Company’s net sales decreased 6 percent to 770 million dollars reflecting lower wholesale net sales in the United States and Canada. The company said in a release that full year net income is now expected to be 217 to 240 million dollars, resulting in diluted earnings per share of 3.65 dollars to 4.05...

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Columbia Sportswear lowers FY23 outlook

Columbia Sportswear Company’s net sales increased 7 percent or 9 percent constant-currency to 620.9 million dollars for the second quarter. However, the company has lowered its full year outlook reflecting impact of economic conditions, including inflationary pressures; supply chain expenses; marketplace inventories; changes in consumer...

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Tricia Shumavon to join Columbia Sportswear as Prana brand president

Columbia Sportswear Company has appointed Tricia L. Shumavon as Prana brand president effective September 2023. “We are excited to have Tricia Shumavon join our team to lead the Prana brand,” said Craig Zanon, SVP, emerging brands, adding, “Tricia brings a wealth of experience to the job and a consumer-led mindset, which will help propel the...

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Columbia Sportswear maintains sales and earnings outlook

Columbia Sportswear Company net sales increased 19 percent or 22 percent constant-currency to 955 million dollars in the third quarter. Gross margin contracted 270 basis points to 48 percent of net sales from 50.7 percent of net sales, while net income increased 11 percent to 111.8 million dollars or 1.80 dollars per diluted share. Commenting on...

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Columbia Sportswear outlines growth targets, reaffirms outlook

Columbia Sportswear Company’s net sales are expected to grow at a three-year CAGR of 9 to 11 percent, compared to the midpoint of its 2022 financial outlook, reaching 4.5 to 4.7 billion dollars in 2025. The company said in a release that operating margin is expected to expand to approximately 14 percent of net sales in 2025 and diluted earnings...

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Columbia Sportswear cuts full year outlook

Second-quarter net sales at Columbia Sportswear increased 2 percent or 4 percent constant-currency to 578.1 million dollars. The company said in a release that the increase in net sales primarily reflects growth across the U.S., Canada, Europe-direct, Japan and Korea, partially offset by substantially lower Russia-based distributor and China net...

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Christiana Smith Shi joins Columbia Sportswear Company’s board of directors

Columbia Sportswear Company’s board has appointed Christiana Smith Shi to serve as a director and member of its audit committee, effective July 8, 2022. “Christiana’s deep direct-to-consumer experience will be a tremendous asset to our board as we look to grow that portion of our business,” said the company’s chairman, president and CEO, Tim...

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Columbia Sportswear posts increase in Q1 sales and earnings

Net sales at Columbia Sportswear Company increased 22 percent to 761.5 million dollars from the comparable period in 2021. The company said, increase in net sales primarily reflects strong consumer demand and shipments of higher spring 2022 orders, with growth across all brands, channels and geographies. Commenting on the first quarter results,...

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Columbia Sportswear reports rise in sales and profit

Fourth quarter net sales at Columbia Sportswear increased 23 percent to 1,129.7 million dollars from the comparable period in 2020. The company said that the increase in net sales primarily reflects strong consumer demand, which fuelled direct-to-consumer (DTC) growth and higher fall 2021 wholesale shipments, as it anniversary prior year...