Columbia Sportswear’s Q1 FY24 net sales decreased by 6 per cent to $770 million due to cautious retail spending and competitive pressures in the US and Canada.
Gross margin improved to 50.6 per cent, indicating better profitability per unit sold.
Operating income dropped 21 per cent to $44.7 million.
Net income declined by 8 per cent to $42.3 million.Columbia Sportswear’s Q1 FY24 net sales decreased by 6 per cent to $770 million due to cautious retail spending and competitive pressures in the US and Canada.
Gross margin improved to 50.6 per cent, indicating better profitability per unit sold.
Operating income dropped 21 per cent to $44.7 million.
Net income declined by 8 per cent to $42.3 million.
