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Columbia Sportswear Co. shares rose 5.5% to $94.98 in after-hours trading Thursday after the outdoor apparel maker logged strong earnings and sales in the fourth quarter.
The Portland, Ore.-based company said the better-than-expected performance in the quarter was driven by strong consumer demand and a favorable full price selling environment.
Columbia
COLM,
reported sales of $1.13 billion for the quarter compared to $915.6 million in the fourth quarter of 2020. Analysts polled by FactSet expected $1.07 billion in sales.
Columbia said supply chain constraints continue to impact operations, resulting in delayed receipt and delivery of products.
The company issued an outlook for net sales between $3.63 billion to $3.69 billion for 2022.
