Columbia Sportswear Company announced net sales of $434.5 million for the quarter ended September 30, 2009, a decrease of 4 percent compared to net sales of $452.4 million for the same period of 2008, including a 1 percentage point negative effect from changes in foreign currency exchange rates compared with the third quarter of 2008.
Third quarter net income totaled $46.9 million, or $1.38 per diluted share, compared with net income of $58.3 million, or $1.69 per diluted share, for the same period of 2008.
Tim Boyle, Columbia's president and chief executive officer, commented, “Third quarter results were significantly better than our July outlook, primarily due to greater than expected demand and resulting shipments of Fall 2009 products in the U.S., as well as a greater benefit from stronger international currencies. The gross profit from those incremental shipments dropped to the bottom line as we held spending within our original plan for the quarter.”.
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Columbia Sportswear Company
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