Columbia Sportswear, the Portland, Oregon-based company, announced a 12% increase in sales for the first half of the year.
Despite significant growth in the U.S., Canada, Europe-direct, Japan, and Korea, the company faced a decline in sales in Russia and China.
Quarterly net sales only inched forward by 2% to $578.1 million.
As a result, net income decreased by 82% to $7.2 million compared to the same period in 2021.
However, for the six months ending June 30, net sales rose by 12% to $1.34 billion.
This growth was driven by the strength of the brand portfolio and contributions from all of their brands.
Looking ahead, Columbia adjusted its full-year sales expectations, now anticipating a 10% to 12% increase to $3.44 to $3.50 billion..
