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Columbia Sportswear Q2 loss narrows YOY

Columbia Sportswear Co. said its normalized net income for the second quarter amounted to a loss of 8 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 23 cents per share.

The per-share loss narrowed 43.0% year over year from 15 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $5.9 million, compared with a loss of $10.2 million in the year-earlier period.

The normalized profit margin increased to negative 1.5% from negative 3.2% in the year-earlier period.

Total revenue climbed 17.3% on an annual basis to $380.2 million from $324.2 million, and total operating expenses increased 14.1% from the prior-year period to $389.2 million from $341.2 million.

Reported net income totaled a loss of $6.3 million, or a loss of 9 cents per share, compared to a loss of $6.3 million, or a loss of 9 cents per share, in the prior-year period.