Pro Content

Columbia Sportswear Company Publish Q1’23 Financial Results & Updated Full Year Outlook

Columbia Sportswear reports first Quarter 2023 financial results and updates full year 2023 financial outlook. First Quarter 2023 Highlights Net sales increased 8 percent to $820.6 million, compared to first quarter 2022. Operating income decreased 33 percent to $56.4 million, or 6.9 percent of net sales, compared to first quarter 2022 operating income of $83.7 million, or 11.0 percent of net sales. Exited the quarter with $461.0 million of cash and short-term investments and no borrowings.…