Columbia First Quarter Growth

Columbia CEO Columbia Sportswear Co. praised the company's strong start in the new fiscal year, and said that prAna maintained a growth rate of more than 20%.

U.S.A

Columbia Sportswear Co. (NASDAQ:COLM), the Columbia sportswear company, recently released its first quarter earnings. The company recorded earnings of $0.37 per share in the first quarter of March 31, 2015, exceeding the analysts' expectations of $0.35, and recorded a record revenue of $479 million, up 12.9% from 424 million 100 thousand a year earlier, which also exceeded analysts' expectations of $470 million 500 thousand.

However, the two quarter was the group's off-season.

Weakening, the stock plummeted on Friday, opening more than 4%, and plunged 7.24% to $58.16 a day.

First quarter

Co. net profit of Columbia was recorded at 26 million 471 thousand US dollars, up 18.9% from 22 million 255 thousand US dollars in the same period last year. Gross profit margin recorded a 47.8% rise of 130 basis points compared with the same period last year, and operating profit rose 24.5% to 44 million 122 thousand US dollars, a 35 million 451 thousand US dollar in the same period last year, with a profit margin of 9.2%.

Columbia Sportswear Co. Columbia revealed in its earnings report that the brand prAna purchased last year contributed 37 million 100 thousand dollars in sales in the first quarter.

Columbia Sportswear Co. Columbia still expects a double-digit growth in revenue in 2015. The expected operating profit has increased from 10+% to US $223 million -2.34 billion, with an expected operating profit margin of 10.2%. The net profit is expected to be US $154 million US $-1.61, and the earnings per share will be US $2.15 US $-2.25.

By region, Columbia Sportswear Co. in the first quarter increased by about 18% to 283 million 800 thousand US dollars in Columbia; the Canadian market grew by about 28% to 34 million 300 thousand US dollars; Latin America and Asia Pacific markets dropped to about 113 million 100 thousand to 113 million 100 thousand US dollars, of which the exchange rate had 6% negative effects; the EMEA market revenue rose 22% to 47 million 800 thousand dollars, obviously recovering, although the negative impact of the market exchange rate was as high as 15%., and the brand Columbia brand income rose by 7% to 401 million dollars, and Sorel Sorel income rose to 401 million dollars.

By category, clothing, accessories, equipment and footwear have an increase of 13%.