In a Monday interview with CNBC's Jim Cramer, Columbia Sportswear CEO Tim Boyle detailed his company's most recent quarter, which saw sales decline in the U.S."For our company, this is always the smallest quarter of the year, so any particular issue can get modified and accelerated," Boyle said.
Columbia posted earnings last week, which saw U.S. sales decline 15% year over year, which the company said was primarily driven by the a decrease in U.S. wholesale.
On the conference call, Boyle said Columbia was "working to maximize sales in a challenging U.S. marketplace, characterized by slow consumer demand and cautious retailers."
Boyle also said many of Columbia's brands that saw declines this quarter — like SOREL and PrAna — are on their way to growth.
"And now it's time to turn our attention to growing the business again across all of our brands."
Persons:
CNBC's Jim Cramer, Tim Boyle, Boyle, PrAna, We've
Organizations:
Columbia
Locations:
U.S, China, SOREL