FY19 sales rise 9 percent, profit by 23 percent at Columbia Sportswear

Columbia Sportswear Company announced through a statement that fourth quarter net sales increased 4 percent to 954.9 million dollars against the comparable period in 2018. Gross margin declined 160 basis points to 50.1 percent of net sales from 51.7 percent of net sales for the comparable period in 2018. Net income increased 1 percent to 114 million dollars or 1.67 dollars per diluted share, while net income decreased 2 percent from non-GAAP net income of 116.9 million dollars or 1.68 dollars per diluted share for the comparable period in 2018.