Columbia Net Sales Fell 4% In The Third Quarter.

< p > recently, the famous outdoor a href= "//www.sjfzxm.com/news/index_f.asp" _xhe_href= "//www.sjfzxm.com/news/index_f.asp" > sportswear < /a > Columbia announced its a href= "//www.sjfzxm.com/news/index_cj.asp" href= "third" quarterly earnings, net sales and net income declined, but the whole year is still optimistic.

In the third quarter of September 30th, the company's net sales amounted to $523 million 100 thousand, down 4 percentage points compared with the performance of $545 million in the same period last year, of which 1 percentage points were negatively related to the current exchange rate; net income was $54 million 600 thousand, diluted $1.57 per share, compared with 64 million 400 thousand dollars in the same period last year, and diluted $1.88 per share.

In the third quarter, Columbia had an effective tax rate of $2 million 200 thousand and a reduction of $0.06 per share after the diluted share.

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< p > "our third quarter sales mainly benefit from the strong performance of the direct selling platform, and we will continue to focus on revitalizing our global wholesale channels."

Tim Boyle, < a href= "//www.sjfzxm.com/news/index_c.asp" _xhe_href= "//www.sjfzxm.com/news/index_c.asp" > Columbia < /a > the chairman and CEO of the company said, "in the first quarter, our inventory dropped by 14%. As a result of the management of the discretionary expenses, our profitability and cash flow improved, so we will raise the financial expectation for the 2013 year.

We continue to focus on the management of discretionary spending which has also pushed ahead of expectations, profitability and cash flow in the quarter, and we raised our financial outlook for 2013. "

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< p > the company expects net income for the whole year to fall by 1.5 percentage points over 2012, including the negative effect of 2 percentage points due to exchange rate changes < /p >

< p > strong > gross profit margin will increase by 50 basis points in the whole year, < /strong > < /p >.

< p > sales, general affairs and management expenses are expected to increase by 2%, of which 3 million 700 thousand US dollars are used for joint venture companies in China. The expenses related to business and pre tax restructuring are about $5 million 200 thousand. The annual permitted revenue is expected to be unchanged from 2012, including the $3 million 500 thousand authorized income generated during the pition period of the Chinese joint venture company, which will be allocated to 2014 < /p >

< p > 2013 annual gross profit margin is expected to be around 7.25%. If we exclude US $5 million 200 thousand from the establishment of a Chinese joint venture company, about 2 million 100 thousand of the gross profit will be added to the 3 million 500 thousand permitted income in 2014 and 3 million 700 thousand pre operating expenses, and the gross profit will be 8.1 percentage points.

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< p > < strong > dividend dividends < /strong > /p >

The board of directors of P Columbia decided that the dividend payment in the third quarter would increase by 14 percentage points from the previous 0.22 US dollars to 0.25 US dollars.

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< p > related links: < /p >

< p > Columbia (Columbia) continues to develop diversified products and research high-tech fabrics, exclusive research and development patent Columbia as a pioneer of outdoor clothing brand technology, revolutionaries of outdoor and adventure tourism, it develops a variety of patented outdoor sportswear technology, including Columbia proprietary windproof waterproof breathable Omni-Tech, all-weather jacket, Omni-Dry fast drying technology, and Omni-Grip anti-skid shoe technology.

Columbia is also the world's first to create three in one "3-in-1 Interchange Parka".

The professional outdoor clothing technology with these trademarks will enable tourists and outdoor sports enthusiasts to bring a full range of technology protection in different weather conditions.

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< p > today, the product range of Columbia (Columbia) has been extended to outdoor jacket, multifunctional trousers, T-shirt, T-shirt, backpack, outdoor sports shoes and other all-weather outdoor costumes from its original rain gear and raincoat. It is much more popular among outdoor enthusiasts. It is more popular with fashion people from all over the world, such as the United States, Japan and Hongkong. It is also the pioneer of Columbia outdoor fashion brand (Columbia).

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