Decline in Q4 footwear sales at Columbia Sportswea - footwearbiz: Lead

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Decline in Q4 footwear sales at Columbia Sportswear

26/01/2007
 
Portland-based outdoor apparel and footwear company Columbia Sportswear Company has posted a 15.2% increase in net sales for its fourth quarter ended December 31. Sales totalled $361.8 million compared with $314.1 million for the same period of 2005. Net income was $38.4 million, a 4.9% increase compared with $36.6 million for the 2005 quarter.

US sales increased 14.6% to $212.4 million whilst other international sales increased by 27.4% to reach $66 million. European sales increased by 10.7% to $55.7 million and Canadian sales increased 4.1% to $27.7 million.

However, footwear sales for the quarter decreased by 10.9%.

For the full year, the company reported net sales of $1,287.7 million, an increase of 11.4% over $1,155.8 million for 2005. Net income was $123 million, a 5.9% decrease compared with net income of $130.7 million for 2005. Footwear sales increased 4% to $219.7 million compared with 2005.


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