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Columbia posts thin sales growth

Columbia released its full-year 2023 financial report on February 2. Net sales increased only slightly by 1 percent YoY to $3.49 billion, while net income decreased 19 percent to $251.4 million. However, its gross profit margin increased by 20 basis points to reach 49.6 percent. Looking at different regions, international markets, including China, remained a bright spot. Columbia’s chairman, president, and CEO, Tim Boyle, stated that the company achieved growth outside of the US, driven by direct sales markets in China and Europe.

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