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Jan. 29, 2023

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Columbia Sportswear sees $114M in Q4 profit

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PORTLAND — Columbia Sportswear Co. (COLM) on Thursday reported fourth-quarter profit of $114 million.

On a per-share basis, the Portland-based company said it had net income of $1.67.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.66 per share.

The maker of outdoor gear posted revenue of $954.9 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $951.5 million.

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