US’ Columbia Sportswear forecasts $3.69 bn net sales for FY22




Columbia Sportswear, an American manufacturer and distributor of outerwear, sportswear and footwear, has forecast 16-18 per cent net sales growth to reach $3.63 to $3.69 billion in fiscal 2022 (FY22) against $3.13 billion that was recorded in fiscal 2021 (FY21). It expects net income to be $359 to $379 million, resulting in diluted earnings per share of $5.50 to $5.80 in FY22.

In the fourth quarter (Q4) of FY21 that ended on December 31, 2021, the company’s net sales increased by 23 per cent to a record $1,129.7 million, compared to Q4 2020. Its operating income increased by 71 per cent to reach $211.6 million in Q4 FY21 corresponding to $123.7 million in Q4 FY20, the company said in a media release.

The company’s diluted earnings per share increased by 66 per cent at $2.39 in Q4 FY21 when compared to $1.44 Q4 FY20. In addition, on January 28, 2022, the board of directors approved a 15 per cent increase to the quarterly dividend to $0.30 per share.

Columbia Sportswear, an American manufacturer and distributor of outerwear, sportswear and footwear, has forecast 16-18 per cent net sales growth to reach $3.63 to $3.69 billion in FY22 against $3.13 billion that was recorded in fiscal 2021. It expects net income to be $359 to $379 million, resulting in diluted earnings per share of $5.50 to $5.80 in FY22.

For FY21, the brand’s net sales increased by 25 per cent to a record $3,126.4 million, compared to FY 2020. Its gross margin expanded 270 basis points to 51.6 per cent from 48.9 per cent of net sales for the comparable period in 2020. The company’s operating income increased by 229 per cent to $450.5 million from $137 million in fiscal 2020-21. Overall, the company’s net income increased by 228 per cent to $354.1 million, or $5.33 per diluted share, compared to net income of $108 million, or $1.62 per diluted share for the comparable period in 2020.

See also  US' retail sales increase despite inflation, omicron in January: NRF

The company’s chairman, president, and chief executive officer Timothy Boyle, said, “Fourth quarter and full-year financial results were exceptional. Record financial performance reflects the strength of our brands and the tremendous efforts and resilience of our employees globally. In the quarter, robust consumer demand led to results that far exceeded our financial outlook driven by DTC outperformance and a highly favourable full-price selling environment, which benefited gross margin. Throughout the season, our Fall 2021 sell-through rates have been outstanding, including the successful global launch of Omni-Heat Infinity.”

Boyle further added, “As we begin 2022, we are acutely focused on unlocking the growth opportunities we see across the business while mitigating supply chain and inflationary pressures. Our powerful brand portfolio is well-positioned to connect active people with their passions and capitalize on the popularity of outdoor activities. Our 2022 outlook calls for 16 to 18 per cent net sales growth, on top of 25 per cent growth in 2021.”

Columbia Sportswear company repurchased 1,655,407 shares of common stock for an aggregate of $165.9 million, at an average price per share of $100.23 during the year, while $316.3 million remained available under its current stock repurchase authorisation as of December 31, 2021.

Fibre2Fashion News Desk (SF)





Source link

© 2023, Admin. All rights reserved.

Originally posted 2022-02-07 10:35:04.

istanbul escort aksaray escort arnavutköy escort ataköy escort avcılar escort avcılar türbanlı escort avrupa yakası escort bağcılar escort bahçelievler escort bahçeşehir escort bakırköy escort başakşehir escort bayrampaşa escort beşiktaş escort beykent escort beylikdüzü escort beylikdüzü türbanlı escort beyoğlu escort büyükçekmece escort cevizlibağ escort çapa escort çatalca escort esenler escort esenyurt escort esenyurt türbanlı escort etiler escort eyüp escort fatih escort fındıkzade escort florya escort gaziosmanpaşa escort güneşli escort güngören escort halkalı escort ikitelli escort istanbul escort kağıthane escort kayaşehir escort küçükçekmece escort mecidiyeköy escort merter escort nişantaşı escort sarıyer escort sefaköy escort silivri escort sultangazi escort suriyeli escort şirinevler escort şişli escort taksim escort topkapı escort yenibosna escort zeytinburnu escort porno 1080p porno izle 4k porno izle 720p porno izle abella danger alman alman porno alman porno izle aloha tube porno amatör amatör porno amatör porno izle anal anal porno anal porno izle arap porno asa akira porno asyalı porno bangbros porno bangbros porno izle banyoda sikis başörtülü porno beeg porno izle beyaz tenli porno izle biseksuel porno izle bisexsuel porno brandi love porno brazzers brazzers porno izle canli porno canli porno izle çinli porno çinli porno izle ensest porno ensest porno izle ensest seks erotik porno erotik porno izle esmer porno esmer porno izle etek altı fake agent fake taxi fake taxi porno fantazi pornoları fantezi porno izle fetiş porno fetiş porno izle fetish fransız porno fransız porno izle full hd hg porno izle gangbang porno genç kız porno izle genç kız sikişi genç teen porno izle gizli çekim porno gizli çekim pornosu grup pornosu grup porno grup porno izle hd pornolar hd porno hd porno izle hemşire porno hemşire pornosu hizmetçi porno hizmetçi porno izle ingiliz porno japon pornoları japon porno kızlık bozma kızlık bozma porno izle konulu porno konulu porno izle koreli porno köylü pornoları kumral porno kumral porno izle latin pornoları latin porno latin porno izle lezbiyen pornoları lezbiyen porno lezbiyen porno izle lisa ann porno liseli pornoları liseli porno liseli porno izle manken porno manken porno izle masaj porno izle masturbasyon porno izle masturbasyon pornoları mature porno mia khalifa porno mia malkova porno milf porno izle mobil porno mobil porno izle öğrenci porno izle öğretmen porno izle okul porno izle olgun kadın pornosu olgun porno oral porno oral porno izle oral seks porna izle pornhub pornhub porno izle porno film izle porno indir porno izle porno resimler porno star porntube porno izle redtube redtube pornoları riley reid porno rokettube rus pornoları rus porno rus porno izle sakso blowjob porno izle sarışın pornoları sarışın porno sarışın porno izle sarışın pornoları sekreter porno shemale sikiş sikiş sikiş izle şişman porno siyahi pornoları suriyeli pornoları swinger porno tecavüz porno teen porn türbanlı pornoları türbanlı porno türk pornoları türk porno türk porno izle türkçe altyazılı porno türkçe altyazılı porno izle xhamster pornoları xhamster porno xhamster porno izle xnxx xnxx porno xnxx porno izle xvideos xvideos porno izle yaşlı porno yeşilçam porno izle youjizz youporn youporn porno izle zenci porno güvenilir bahis siteleri bahis siteleri casino deneme bonusu casino siteleri deneme bonusu para yatırma bonusu bahis siteleri casino siteleribahis sitesi para yatırma