For the third quarter Columbia Sportwear’s net sales increased 19 per cent. The increase in sales reflected earlier shipments of higher fall 2022 wholesale orders and direct-to-consumer growth. Revenues increased by 15 per cent for the first nine months of the year. However, net income decreased by six per cent for the year-to-date period.Inventories increased by 47 percent, indicating purchase of more goods than sold.Third quarter net sales and earnings growth reflect a broad momentum across the

American brand’s business and the power of its collective brand portfolio.Net sales growth was led by the Sorel and Columbia brands, which increased 28 per cent and 19 per cent respectively. The company has growth strategies in place and will be investing in strategic priorities to create iconic products, amplify marketplace excellence with digitally-led and omnichannel global distribution, and accelerate growth.Going ahead, the company expects fiscal 2023 net sales to be between ten per cent to 12 per cent compared to that in 2021.Based on a strong third quarter performance, the company is reiterating its full-year net sales and diluted earnings per share financial outlook and has planned iconic and innovative products such as the expanded Omni-Heat Infinity collection and the new disruptive poly fleece innovation called Omni-Heat Helix.