Columbia Sportswear reports earnings jump after strong Q3 performance
By Petah Marian

The athletic and outdoorwear brand exceeded sales expectations in key markets, WGSN Senior Editor of Retail Intelligence Petah Marian reports

Oct 29, 2015
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Columbia Sportswear raised its full-year guidance for the third time after Q3 profit rose 39%.

The athletic and outdoorwear brand said that earnings jumped to $91.1m over the quarter ended September 30, from $65.6m a year ago. Sales increased 16% to $767.6m.

Columbia said that “better supply chain execution resulted in more timely delivery of wholesale customers’ fall advance orders,” leading to higher volumes. It also recorded a resurgence in European direct markets.

It increased its full-year earnings estimate to $2.32-237 per share from its previous range of $2.25-2.35. It expects sales growth of about 10.5%, to more than $2.3bn.

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