Sports Wind Set Off Columbia Seize Opportunities

With the increasing number of outdoor sports, some outdoor brands also seize the opportunity. Columbia is one of them.

Recently, the US outdoor sportswear retailer Columbia released the first quarter.

There is a rise in the market.

It is reported that in the first quarter of March 31, 2016, the group's net sales increased 10% to $525 billion compared to the same period last year, compared with 8.4% in the first quarter of fiscal 2015.

To $443 billion, in addition, net profit after tax increased from 20% to $318 billion, and earnings per share were $0.45, compared with $0.33 in the market, which clearly outperformed expectations.

Group CEO said it was satisfied with its performance in the first quarter and will continue to promote brand innovation and design capabilities.

In addition, the group's revenue in the period was $525 billion, which is also higher than the $493 million 800 thousand expected by the market.

As a result, the expected performance has prompted the group to raise its annual EPS forecast from 2.55 to 2.65 US dollars to 2.60 to 2.70 US dollars.

After this increase, it will meet the basic expectations of the market.

At the same time, it raised the operating profit in the 2016 fiscal year and adjusted the expected range to 1% - 6%, which is 254 million US $263 million.