Warning that its rapid growth will slow next year, Columbia Sportswear's third quarter earnings were up 30 percent to $49.58 million from $ 38.22 million a year ago. Sales for the quarter were up 24 percent to $305.63 million compared to $247.35 a year ago. After citing the company for its "dominant position as a supplier of technical, value-oriented outerwear and footwear for fall, " and predicting a good fall season, company president Tim Boyle was more reserved about the future. "It is our current belief that revenue and earnings growth above high single digit percentage will be difficult to achieve for the full year 2002 compared to 2001."
Outdoor financials: Columbia 3Q profit jumps on record revenue; plus Under Armour and Puma earnings
Columbia Sportswear Co. (Nasdaq:COLM) saw its third-quarter 2011 profit jump 29 percent on record revenue led by strong international and footwear sales. The Portland Ore.-based parent company of Mountain Hardwear, Montrail and its namesake brands reported record third-quarter ...read more