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Article Date: February 2018
Word Count: 524

Columbia Has Q4 Loss on Tax Charge but Sales Are Strong

The net loss was $7,072 million against income of $84,715,000 for the final quarter of 2017 ended Dec. 31 which included a $95.6 million charge related to the new tax laws as well as other discrete costs of $6.3 million as sales hit a record $776,041,000 compared to $717,450,000, a gain of 8%. COLM also said it will repatriate some $200 million in overseas cash as a result of the tax laws, which it will invest in organic growth as well as shareholders moves and lastly acquisitions. The Columbia brand grew 9% globally in Q4 to $602.4 million and Sorel ... Log in to view full article.


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