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.
Q3 net sales reached €7.3 billion with operating profit up 37%. The company increased its full-year operating profit guidance to around €2.5 billion.
The company achieved record revenues of $11.4 billion. It introduced the '17 x 17 Plan' targeting $17 billion in revenue by 2017.
Revenue grows 6 percent with strong global expansion across channels. Earnings per share reach $3.20 and gross margin is 51.1 percent.
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