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Article Date: April 2017
Word Count: 554

Columbia Sees Solid Gains in Q1 but U.S. Wholesale Outlook Weak


Net income rose 13% to $36,006,000 from $31,770,000 for the period ended Mar. 31 on a sales improvement of 4% to $543,793,000 compared to $525,136,000. However, COLM slightly lowered guidance to a FY gain of 3% against last year’s $2.38 billion, including 1 point of currency headwinds, noting the toll that bankruptcies and store closings on its U.S. wholesale business is going to produce a mid-single-digit decline in that channel for the year. Net income is expected to be $192-199 million compared to last year’s $192 million. It still expects growth in the U.S. market from a low-single digit increase ... Log in to view full article.

 


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