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Columbia Sportswear Raises 2021 Outlook On Solid Q1 Results

Columbia reported first-quarter sales and earnings well above forecasts and are seeing positive early Spring 2021 sell-through and Fall 2021 orders. First Quarter 2021 Highlights Net sales increased 10 percent to $625.6 million, compared to first quarter 2020. Operating income of $70.5 million, or 11.3 percent of net sales, compared to first quarter 2020 operating loss of $2.0 million, or (0.3) percent of net sales. Diluted earnings per share of $0.84, compared to break even diluted earnings…