Columbia Sportswear reports third quarter financial results and updates outlook
Net sales rise 2% to $962.6 million with EPS of $1.66 while raising full-year guidance amid ACCELERATE strategy progress.
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Net sales rise 2% to $962.6 million with EPS of $1.66 while raising full-year guidance amid ACCELERATE strategy progress.
The company aims to double business revenue to $12.5 billion by doubling men's and digital categories and quadrupling international expansion.
The company achieved $928.8M in net revenue, driven by 11% combined comp sales increases and digital revenue growth of 42%.
Total revenue rose 2% to $902.9 million driven by a 155% surge in e-commerce sales despite pandemic-related store closures and lower foot traffic.
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Columbia Sportswear Company raised its sales and earnings guidance as Q3 results exceeded guidance. Quarterly sales grew 2 percent as healthy gains in most international...
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