Columbia raises FY outlook despite wider Q2 loss

Columbia Sportswear is now predicting a full-year sales rise of 14-16% after revenues in its traditionally quiet second quarter rose 24%, although the US company’s net loss increased to US$10.6m.

“Results for the second quarter, our smallest revenue quarter of the year, were better than our April outlook, primarily due to stronger reorders and fewer cancellations in our US wholesale business, and higher than expected sales from our retail stores, leading to double-digit growth in every product category,” said Tim Boyle, Columbia Sportswear president and CEO.

Click here to read the company’s full financial release.