哥伦比亚公司宣布，截止到2007年12月31日，第四季度的净销售额达3.767亿美元，同期增长了4%。而2006年第四季度的净销售额是3.618亿美元。哥伦比亚公司在2007年第四季度的经营收入总额是0.568亿美元，占净销售额的15.1%，而2006年的经营收入是0.553亿美元，占净销售额的15.3%。
2007年第四季度的净收入是0.457亿美元同期增长了19%，而2006年的同期净收入是0.384亿美元。2007年第四季度税率为22.0%，而2006年是31.6%。低税率是由于欧洲某些税务检查和应纳税的地理位置不同而导致的，因此摊薄后每股增长了0.19美元。
与2006年同期相比，哥伦比亚公司（美国）净销售额在2007年第四季度下降了1%，总额是2.104亿美元。而欧洲、中东和非洲地区同期增长了2%，总额达到0.76亿美元。拉丁美洲和亚太地区增长了26%，总额达0.597亿美元。加拿大增长了10%，总额达0.306亿美元。（因外币兑换率同期相比也有所变化，故2007年第四季度比2006年同期增长了3%，欧洲、中东和非洲增长了8%，拉丁美洲和亚太地区增长了3%，加拿大增长了10%。）
同2006年同期相比，2007年第四季度的户外服装净销售额增长了1%，达到1.822亿美元，运动服装增长了7%，达到1.162亿美元，鞋类增长了7%，达到0.606亿美元，相关配件和装备增长了7%，达到0.177亿美元。
同2006同期相比，2007年哥伦比亚品牌净销售额增长了6%，总额高达3.3亿美元。Mountain Hardwear增长了15%，总额达到0.239亿美元。Sorel增长了3%，总额达到0.198亿美元。而Montrail下降了23%，总额为0.017亿美元。Pacific Trail下降到0.013亿美元。
哥伦比亚总裁兼首席执行官Tim Boyle说，“对于2007年第四季度的经营业绩我们感到很满意。2007年全年利润率是14.7%，而2006年同期是14.0%。在2008年，我们继续实施2007年的战略性措施。我们已经采取了措施加强欧洲团队，以保持该地区的经济增长和经济效益。”
Tim Boyle还表示，“2008年已经到来，我们意识到广大的消费市场并不是很乐观。但是我们70年的成长经历告诉我们，严峻的经济给顾客提供了与知名品牌合作的机会。我们要赢得顾客的信任。哥伦比亚和客户的良好合作关系，强大的资产为将来的共同发展打下了坚实的基础。”
2007年财政收入情况
哥伦比亚2007年全年净销售额是13.56亿美元，同2006年相比增长了5%。去年的全年净销售额是12.877亿美元。2007年的全年经营收入上涨到1.991亿美元，占净销售额的14.7%，而2006年的经营收入是1.798亿美元，占净销售额的14%。这些增长与哥伦比亚以前制定的目标是一致的。2007年的净收入总额是是1.445亿美元，比2006年增长了17%，而2006年的净收入是1.23亿美元。
与2006年相比，哥伦比亚公司（美国）净销售额在2007年增长了2%，总额是7.672亿美元。欧洲、中东和非洲同期增长了5%，总额达到2.87亿美元。拉丁美洲和亚太地区增长了23%，总额达到1.757亿美元，加拿大增长了5%，总额达到1.261亿美元。（因外币兑换率同期相比也有所增长，故2007年第四季度比2006年同期增长了2%，欧洲、中东和非洲地区增长了6%，拉丁美洲和亚太地区增长了1%，加拿大增长了5%。）
同2006年相比，2007年全年户外服装净销售额高达4.976亿美元，运动服装增长了11%，总额达到5.656亿美元，鞋类增长了4%，总额达到2.274亿美元，相关配件和装备增长了5%，总额达到0.654亿美元。
同2006相比，2007年哥伦比亚品牌净销售额增长了7%，总额高达12亿美元。Mountain Hardwear增长了12%，总额达到0.826亿美元。Sorel增长了3%，总额达到0.456亿美元。而Montrail下降了9%，总额为0.127亿美元。Pacific Trail下降到0.039亿美元。
股息和股份的回购
哥伦比亚在08年1月31日宣布该公司董事会已经批准了每股的股息是0.16美元，在3月6日支付给股东。在第四季度，该公司回购了大约319000股普通股，总价格为1450万美元。该公司已回购了总计约660万美元的股份，总价格为3.161亿美元而2004年的回购计划是4亿美元。
08年规划
公司目前预计， 2008年第一季度的净销售额与2007年同期相比减少2%，2007年第一季度经销售额是2.896亿美元。2008年第一季度摊薄后每股收益是0.51美元，而2007年同期为0.71美元。
春季产品销售额占公司全年业务的一小部分，所以很难规划2008全年的收入和盈利，但在秋季能拟定收益方案。公司将于4月下旬公布2008第一季度的财政收入情况， 还将在2008年秋季公布全年的净销售额和收入的情况。
原文：CS Reports 4% Rise in Q4 Sales, But Sees 2% Decline in Q1
Columbia Sportswear Company announced net sales of $376.7 million for the quarter ended December 31, 2007, an increase of 4 percent compared to net sales of $361.8 million for the same period of 2006.
Fourth quarter income from operations totaled $56.8 million, or 15.1 percent of net sales, compared to income from operations of $55.3 million, or 15.3 percent of net sales, in the fourth quarter of 2006.
Net income for the fourth quarter was $45.7 million, or $1.26 per diluted share, a 19 percent increase compared to net income of $38.4 million, or $1.06 per diluted share, for the same period of 2006. The company's consolidated fourth quarter tax rate was 22.0 percent compared to 31.6 percent for the same period of 2006. The lower tax rate was due to the combined benefits of a favorable conclusion to certain European tax examinations and the geographic mix of taxable income, resulting in an incremental $0.19 earnings per diluted share in the fourth quarter.
(NOTE: During the fourth quarter, the company recast its geographical net sales reporting to better reflect its internal management and oversight structure. Net sales to international distributors, previously grouped with Japan and Korea as part of ``Other International,'' have been regrouped into the new Europe, Middle East & Africa (EMEA) region or Latin America & Asia Pacific (LAAP) region depending upon the markets in which each distributor operates.
Fourth quarter 2007 U.S. net sales decreased 1 percent, to $210.4 million, compared with fourth quarter 2006. Compared with the fourth quarter of 2006, fourth quarter 2007 net sales in the company's Europe, Middle-East & Africa region (EMEA -- which includes Europe-direct and regional distributors) increased 2 percent to $76.0 million; net sales in the company's Latin America & Asia Pacific region (LAAP -- which includes Japan, Korea and regional distributors) increased 26 percent to $59.7 million; and Canada net sales increased 10 percent to $30.6 million. Changes in foreign currency exchange rates compared with the fourth quarter of 2006 contributed 3 percentage points of consolidated net sales growth, 8 percentage points in EMEA net sales growth, 3 percentage points in LAAP net sales growth and 14 percentage points in Canada net sales growth.
For the fourth quarter of 2007, outerwear net sales increased 1 percent to $182.2 million, sportswear net sales increased 7 percent to $116.2 million, footwear net sales increased 7 percent to $60.6 million, and accessories and equipment net sales increased 7 percent to $17.7 million compared to the fourth quarter of 2006.
Fourth quarter 2007 Columbia
brand net sales increased 6 percent to $330.0 million, Mountain Hardwear net sales increased 15 percent to $23.9 million, Sorel net sales increased 3 percent to $19.8 million, Montrail net sales decreased 23 percent to $1.7 million and Pacific Trail decreased 85 percent to $1.3 million, compared to the fourth quarter of 2006.
Tim Boyle, Columbia's president and chief executive officer, commented, "We're pleased with our fourth quarter operating performance against an increasingly challenging retail and economic backdrop. Fourth quarter operating margins remained comparable to last year's fourth quarter, and for the full year we achieved improved operating margins of 14.7 percent compared to 14.0 percent in 2006.
"In 2008, we'll continue implementing the strategic initiatives we introduced last year. We've taken steps to strengthen our European management team in an effort to return that region to growth and improved profitability as quickly as possible. Our initiative to expand the company's direct-to-consumer retail operations to enhance our wholesale distribution and better manage channel inventories is off to a good start, with plans to open additional new outlets and first-line retail stores in 2008. This Spring we'll launch integrated marketing initiatives to better communicate to retailers and consumers the performance propositions of our OMNI-SHADE(tm) and TECHLITE(tm) technology platforms and to drive sell-through of our products. The expanded retail initiative, coupled with our planned increases in marketing and advertising, may preclude us from achieving operating margin leverage in 2008; however, we expect these initiatives will strengthen our brands and will be accretive to earnings in the long-term.''
Mr. Boyle concluded, ``As 2008 gets underway, we are acutely aware of the economic uncertainties surrounding the broad consumer sector. However, our nearly 70 years of experience tells us that As 2008 gets underway, we are acutely aware of the economic uncertainties surrounding the broad consumer sector. Tough economic conditions offer strong brands the opportunity to reinforce and expand emotional ties with customers and consumers who are seeking real value and who tend to lean more heavily on the brands they've come to trust. We intend to continue to earn the trust of our customers, our consumers and our investors by focusing on the executional challenges that we've set for ourselves in 2008. Columbia's strong customer relationships, strong brand portfolio and solid balance sheet provide a great foundation from which to invest for future growth.''
Fiscal 2007 Results
For 2007, the Company achieved record net sales of $1,356.0 million, an increase of 5 percent over net sales of $1,287.7 million for 2006.
2007 income from operations increased to $199.1 million and 14.7 percent of net sales, compared to income from operations of $179.8 million, or 14.0 percent of net sales, in 2006. These improved operating margins were also consistent with the company's previously stated goals for the year.
Net income for 2007 totaled a record $144.5 million, or $3.96 per diluted share, a 17 percent increase compared to net income of $123.0 million, or $3.36 per diluted share, for 2006.
2007 U.S. net sales increased 2 percent, to $767.2 million, compared with 2006; EMEA net sales increased 5 percent to $287.0 million; LAAP net sales increased 23 percent to $175.7 million; and Canada net sales increased 5 percent to $126.1 million. Changes in foreign currency exchange rates compared with 2006 contributed 2 percentage points of consolidated net sales growth, 6 percentage points in EMEA net sales growth, 1 percentage point in LAAP net sales growth and 5 percentage points in Canada net sales growth.
Compared with 2006, fiscal year 2007 outerwear net sales were level at $497.6 million, sportswear net sales increased 11 percent to $565.6 million, footwear net sales increased 4 percent to $227.4 million, and equipment and accessories net sales increased 5 percent to $65.4 million.
2007 Columbia
brand net sales increased 7 percent to $1.2 billion, Mountain Hardwear net sales increased 12 percent to $82.6 million, Sorel net sales were level at $45.6 million, Montrail net sales decreased 9 percent to $12.7 million and Pacific Trail net sales decreased 83 percent to $3.9 million, compared with 2006.
Dividend and Share Repurchase
The Company announced today that the board of directors have approved a dividend of $0.16 per share, payable on March 6, 2008 to shareholders of record on February 21, 2008. During the fourth quarter, the Company repurchased approximately 319,000 shares of common stock at an aggregate purchase price of $14.5 million. The Company has repurchased a total of approximately 6.6 million shares at an aggregate purchase price of $316.1 million of the $400 million authorized since the inception of the stock repurchase program in 2004.
Guidance
The company currently expects consolidated 2008 first quarter net sales to decrease approximately 2 percent compared with consolidated net sales of $289.6 million in last year's comparable period. The company expects first quarter diluted earnings per share of approximately $0.51, compared to last year's first quarter earnings per diluted share of $0.71.
Spring product sales have historically accounted for a minority of the company's full year business, making it difficult to project full year revenue and profitability levels until the company has more visibility into the fall 2008 season. In keeping with its standard practice, the company will announce first quarter 2008 results in late April and will also announce fall 2008 backlog and give net sales and earnings guidance for the full year at that time. All projections related to anticipated future results are forward-looking in nature and are based on backlog and forecasts, which may change, perhaps significantly.
