Net income slipped 9% in the seasonally important final quarter to $93,167,000 from $102,557,000 as sales inched down 2% to $1,070,228,000 from $1,096,587,000 and declined 3% constant currency. Wholesale sales dipped 7% to $429.4 million, giving back Q3 gains from pulled forward orders, while direct-to-consumer declined 1% to $640.6 million. Stores were flat, and e-commerce grew 2%. Apparel, accessories, and equipment sales dipped 2% to $855.0 million, and footwear fell 5% to $215.3 million. Sorel’s decline offset Columbia brand footwear growth.

The U.S. market beat expectations but still declined 8% to $626.0 ... Log in to view full article.