(Filed Under Financial and General Interest News). Strong international sales as well as domestic demand for its Sorel brand led Columbia Sportswear Co. to report a 29.4 percent increase in net income, reaching $67.5 million, or $1.98 a share, compared with $52.2 million, or $1.53, in the third quarter of 2010.
Sales jumped 12.5 percent to $566.8 million, up from $504 million in the prior year’s period. Sales in Latin America and Asia rose 23 percent, while sales in Europe, the Middle East and Africa increased 51 percent.
For the fourth quarter, Columbia forecasts an 18 to 20 percent increase in net sales. The Portland, Ore.-based company owns sportswear and outerwear brands incuding Sorel, Mountain Hardwear, Montrail and Pacific Trail.
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