Non-US results boost Columbia
Sports and outdoor clothing and footwear group Columbia has reported revenues of just over $1.4 billion in the first six months of 2023, a rise of 7.6% year on year.
In the six-month period, Columbia achieved revenues of $916.6 million in the US, nearly $230 million in the Latin America and Asia market (which the company reports together), nearly $210 million in Europe and $86.1 million in Canada. This means double-digit growth outside the US, but flat revenues in the Portland-based business’s home market.
Its main brand, Columbia, contributed more than $1.25 billion towards the total, with Sorel reporting $98.3 million, PrAna $60.1 million and Mountain Hardwear $43.3 million. There was growth, therefore, for the first two brands in the group’s portfolio, but declines for the other two (a decline of 18% year on year for PrAna).
Apparel, equipment and accessories brought in a combined total of more than $1.1 billion, up by 8% year on year, while the total for footwear was $320 million, an increase of 5%.
Chief executive, Tim Boyle, commented: “I remain confident in our strategies; we are focused on achieving the significant long-term growth opportunities we see across the business. We are committed to investing in our strategic priorities, which are to accelerate profitable growth, to create iconic products, to drive brand engagement, to enhance consumer experience, to amplify marketplace excellence and to empower talent.”
