Columbia Sportswear Company, a global leading innovator in outdoor, active and lifestyle products including apparel, footwear, accessories, and equipment, has announced that its net sales in the second quarter (Q2) of 2022, ended June 30, 2022, increased by 2 per cent (4 per cent constant-currency) to a record $578.1 million, compared to Q2 2021.
The increase in net sales primarily reflects growth across the US, Canada, Europe-direct, Japan and Korea, partially offset by substantially lower Russia-based distributor and China net sales, the company said in a press release.
The company’s operating income decreased 75 per cent to $8.8 million, or 1.5 per cent of net sales, compared to Q2 2021’s operating income of $35 million, or 6.2 per cent of net sales. Its diluted earnings per share decreased 82 per cent to $0.11, compared to $0.61 in Q2 2021.
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