Financial

After a Q3 sales miss, Columbia lowers FY sales outlook, raises profit forecast

2021-10-29T15:10:00

Columbia Sportswear Company

Columbia Sportswear has lowered its sales outlook for the year but raised its profit forecast, despite weaker-than-expected third-quarter revenues due to supply-chain constraints. The group’s quarterly sales rose by 15 percent to $804.7 million, against forecasts of $862 million. Beating expectations, net income jumped by 60 percent to $100.6 million ...

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