Outdoor Brand Columbia Sportswear Than-expected Fourth quarter


Posted February 20, 2014 by jackzhang921

American outdoor sporting goods brands ColumbiaSportswearCo. (NASDAQ: COLM) published recently in the fourth quarter and full year earnings after the fourth quarter.

 
American outdoor sporting goods brands ColumbiaSportswearCo. (NASDAQ: COLM) published recently in the fourth quarter and full year earnings after the fourth quarter adjusted earnings per share of $ 1.21 , exceeding the $ 0.93 earnings expectations S & PCapitalIQ of the 18th ColumbiaSportswearCo. (NASDAQ: COLM) price rose 2.21% to close at $ 78.67 .

.As of December 31, 2013 fourth quarter , ColumbiaSportswearCo (NASDAQ: COLM) revenue increased 6.4% to $ 533.1 million a year earlier to $ 501.1 million ; gross profit rose 14.9% to $ 237.7 million , a year earlier to 2.069 million; gross profit margin in the fourth quarter rose 330 basis points to 44.6% ; net profit fell 8.1% to $ 36,281,000 , compared to $ 39,487,000 last year ; fourth quarter earnings per share of $ 1.05 , but excluding the after-tax $ 5.6 million and $ 0.16 / non-cash support per share , adjusted earnings per share of $ 1.21 , $ 1.15 better than the same period last year .

Group board of directors said it will raise the quarterly dividend to $ 0.28 , an increase of 12%.

By region , in the fourth quarter of the Group 's sales are mainly to benefit from the growth in the U.S. and Canada , the two markets increased by 12% and 16% , revenues were $ 307.9 million ( $ 273.8 million the previous year ) and $ 38.5 million ( previous year $ 33.3 million for the same period ) ; Latin America and Asia-Pacific markets revenue fell 11% to $ 118.1 million , compared to $ 132 million , up 8 percent unfavorable foreign exchange effects ; Europe , Africa and the middle East in the fourth quarter revenue rose 11% to $ 68.6 million a year earlier to $ 62 million .

ColumbiaSportswearCo. (NASDAQ: COLM) revenue was essentially flat last year , a slight increase of 0.9 percent to $ 1.685 billion , a year earlier to $ 1,669,600,000 . Which the United States market annual revenue growth of 3 % to $ 971.3 million ; Canada increased 3% to $ 118.6 million ; Latin America and Asia-Pacific markets fell 6% to $ 354.4 million ; Europe, Africa and the Middle East market grew by 4% to $ 240.7 million . Full-year net profit fell 6.3% to $ 93,603,000 , compared to $ 99,859,000 last year ; earnings per share of $ 2.72 were recorded , compared with $ 2.93 a year earlier fell 7.2 percent ; gross profit margin rose 120 basis points to 44.1%.

Group expects fiscal 2014 sales growth of 15 % -17 % , significantly higher than the 2013 level mainly by Chinese joint venture officially operational impact ; expected fiscal 2014 gross margin increased 50 basis points.
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Last Updated February 20, 2014