Financial

Columbia lifts guidance after strong Q2, but CEO attacks freight “monopoly”

By Frank Prenesti 2021-08-03T15:57:00

Columbia Sportswear Company

Columbia Sportswear swung to a second-quarter profit and raised its full-year 2021 forecasts but warned that “escalating” ocean-freight prices and ongoing port congestions were dragging on the annual outlook. The outdoor gear producer reported net income of $40.6 million for the three months to June 30, compared with a loss ...

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