Columbia Sportswear Posts Record First Quarter Sales and Profit

(4-26-2019). The Columbia Sportswear group, owner of different brands of outdoor equipment, has declared an increase of 8% in its sales during the first quarter of this 2019, while the profit rose almost 52% compared to the same period last year.

The Columbia Sportswear group, which, in addition to the Columbia brand, includes the Montrail, Mountain Hardware, Sorel and Prana outdoor labels, has released the financial results for the first quarter of fiscal year 2019, which ended on March 31. The company, which turned 80 last October, has been satisfied, achieving an increase in sales of 8% and an increase in profits of 51.4%, marking a new record.

In this way, the multinational's sales amounted to 654.6 million dollars compared to the 607 entered between January and March 2018, as revealed by the company in a statement. For its part, net profit amounted to 74 million dollars.

The CEO of Columbia, Tim Boyle, has highlighted that the company “continues with the growth trend achieved in 2018, with a new sales and profit record. These results make us revise upwards our forecasts for the 2019 financial year, in which we must maintain the pace of growth."

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Columbia Sportswear trusts, in this way, to close the 2019 financial year with sales between 2,980 and 3,040 million dollars, which would mean an increase between 6.5 and 8.5% compared to the 2,802 million dollars of turnover reached last year.