Columbia Sportswear (COLM) Tops Q2 EPS by 5c
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Columbia Sportswear Company Reports Record Second Quarter and First Half Net Sales; Reiterates Full Year 2016 Outlook
July 28, 2016 4:05 PM EDTSecond Quarter and First Half 2016 Highlights:
Second quarter net sales increased 2 percent (2 percent constant-currency) to a second quarter record $388.8 million. Second quarter net loss totaled $8.2 million, or $(0.12) per share. First half net sales increased 6 percent (8 percent constant-currency) to a first half record $913.9 million. First half net income increased 19 percent to $23.6 million, or $0.33 per diluted share, aided by a tax benefit of $4.5 million, or $0.06 per diluted share, from the adoption of a newly issued accounting standard. The board of directors approved a regular quarterly dividend of $0.17... More