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Columbia's Q1 revenues bolstered by early spring shipments, DTC channel.

Authors :
McGee, Bob
Source :
Sporting Goods Intelligence Europe; 4/27/2023, Vol. 34 Issue 17/18, p5-5, 1p
Publication Year :
2023

Abstract

Outlook remains confident, yet not expecting "greatthings" in 2023 With the Q1 results, the company maintained its FY23revenue outlook of 3 to 6 percent revenue growth to arange of $3.57 to $3.67 billion, offering that its orderbook is based on a conservative outlook from its retailpartners with "no one expecting great things from theback half of 2023", Boyle offered. Article While Columbia Sportswear generated both lower gross andoperating margins in Q1, the company was able to report10 percent constant-currency revenue growth to $820.6million thanks to early shipments of Spring 2023wholesale orders and a reported 4 percent increase indirect-to-consumer sales to $368.1 million. [Extracted from the article]

Details

Language :
English
ISSN :
11432462
Volume :
34
Issue :
17/18
Database :
Complementary Index
Journal :
Sporting Goods Intelligence Europe
Publication Type :
Periodical
Accession number :
163659256