Columbia Sportswear (Nasdaq: COLM) saw its sales pick up and narrowed its loss for the second quarter 2012 on stronger apparel and international sales.
The Portland, Ore.-based parent of its namesake, Mountain Hardwear and Montrail brands reported consolidated quarterly revenue up 8 percent to $290.4 million. The increase helped narrow the company’s second-quarter loss to $7.9 million, or a loss of 23 cents per diluted share, versus a net loss of $13.6 million or a loss of 40 cents per diluted share, a year ago.
Columbia President and CEO Tim Boyle attributed the gain due to improve operational and supply chain measures, which resulted in the company delivering a larger portion of it international distributors’ Fall 2012 advance orders in the second quarter. That being said, the earlier shipments are expected to lower upcoming third-quarter sales, which officials projected to fall by mid-single-digit percentage points.
Second-quarter apparel sales in particular were strong, up 11 percent to $240.9 million, while footwear sales dipped 1 percent to $49.5 million.
By brand, Columbia reported a 9 percent rise in sales to $260.7 million, Mountain Hardwear sales gained 4 percent to $23.7 million and Sorel sales fell 22 percent to $2.9 million — the latter suggesting that winter footwear might be an early casualty for Fall 2012 after last winter’s lack of snow.
Columbia officials maintained their outlook for full-year slow growth, projecting a 1 percent rise in revenue for 2012.
Teva hits record wholesales in U.S., but struggle in Europe
There’s a price for being an international shoe brand. The global economy isn’t always firing on all cylinders.
For Teva, officials reported record wholesale business in the United States for the second quarter 2012, but a hit to its business in Europe dragged down total sales. The outdoor shoe brand owned by Deckers Outdoor Corp (Nasdaq: DECK) reported its revenue down 15.4 percent $34.1 million for the second quarter.
Overall, Deckers reported sales up 13.1 percent in large thanks to its acquisition of the Sanuk brand a year ago. Deckers’ quarterly net loss widened to $20.1 million versus a net loss of $7.5 million a year ago.
–Compiled by David Clucas