Columbia Sportswear Company reported record third-quarter revenue behind double-digit growth in profits for the period ending Sept. 30.
The sportswear and outdoor apparel retailer posted $955 million in net sales in Q3 2022, a 19% increase year-over-year. It attributed the record-breaking results to growth led by its SOREL footwear and Columbia brands, which saw net sales increase by 28% and 19%, respectively.
- SOREL posted $112.4 million in net sales in Q3 2022.
- The Columbia brand reported $773.3 million in net sales over the quarter.
- Mountain hardware saw net sales reach $31.9 million, up from $28.7 million in Q3 2021.
- Total full-year net sales are expected to range between $3.44 billion and $3.5 billion.
In September, Columbia announced a strategic plan to accelerate growth. The Oregon-based company will focus on its footwear, international expansion, and digital sales to increase profits.
Columbia is aiming for full-year net sales between $4.5 billion and $4.7 billion in 2025.
Perfect Deal
Columbia secured a multiseason deal with sports and entertainment company Dude Perfect to collaborate on outdoor sports content for YouTube and social media in September.
That same month, Dude Perfect released renderings of a proposed sports and entertainment center that would cost roughly $100 million. The project would be a family-friendly venture.
