Colombia announced its second quarter earnings in Beijing early morning (August 4th): revenue of nearly 400 million U.S. dollars, a year-on-year increase of 2.6 percent, a loss of 11.316 million U.S. dollars, a 40% increase in loss from the previous year, and a decrease in gross margin of 0.9 percentage points. .
Geographically, the US market revenue in the second quarter was US$238 million, a year-on-year increase of 3.9%, accounting for nearly 60% of global revenues; Latin America and Asia Pacific revenues were nearly US$80 million, a year-on-year decrease of 8.3%, making it the only company in the world with a reduced revenue The region; Europe Middle East Africa revenue of nearly 70 million US dollars, an increase of 14.1% year on year, much higher than the global market growth; Canadian income of nearly 14 million US dollars, almost flat with last year.
▲ Colombia’s performance in the second quarter
In addition, clothing, accessories and equipment revenues were nearly US$330 million, a year-on-year increase of 2.6%, and footwear products revenue was nearly US$70 million, a year-on-year increase of 2.8%.
The main brand Colombia’s revenue in the second quarter was US$340 million, which was a year-on-year increase of 2%. However, the company’s second-largest brand, prAna, experienced a slowdown in revenue growth. This flagship lifestyle German brand reported revenue of US$35 million in the second quarter, a growth rate of 9%. The third largest brand, Mountain Hardwear revenue, fell by 5%.
The outdoor sports market is affected by seasonality. Therefore, the second quarter has always been the off-season market. However, in the first quarter, Colombia's first-half performance was not eye-catching. In the first half of this year, Colombia’s revenue reached 943 million U.S. dollars, an increase of 3.17% year-on-year, slightly higher than the growth rate in the second quarter; net profit for the first half of the year was 27.576 million U.S. dollars, an increase of 4.7% year-on-year.
The Colombian side stated that future climate uncertainties will affect consumer demand for outdoor products. In addition, the weakness of the overall market environment will also become a huge challenge, especially in South Korea. European business will be the key to future business growth and profit improvement.
Reprinted Source: Lazy Bear Sports
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