COLUMBIA’S Q3 NET RISES 25%; SEES FY03 NET 10-12% HIGHER.
Net income was $9.4 million against $7.5 million ,improving largely on operating margin leverage through an expandedinternational base. Gross margins declined 100 basis points to 42.6%.International bolstered Q2 revenues and net income. European sales rose 38%(10% in constant dollars) to $20.4 million; other international increased 97%(93% in constant dollars) to $30.2 million; U.S. sales gained 4% to $90.5 millionand Canadian sales jumped 53% to $11 million in the period ended June 30. Totalconsolidated net sales rose 23% to $152.1 million. Q2 sales by category:outerwear rose 14% to $46.7 million; sportswear gained 13% to $68.8 million;footwear increased 61% to $28.3 million ... Log in to view full article.