After navigating supply chain issues and product delivery delays in 2022, Columbia Sportswear is intent on reducing its inventory level to be more in line with demand and generating 3% to 6% revenue growth this year to a range of $3.57 to $3.67 billion. The group is also eyeing an annual operating margin of 11.6% to 12.2%, up from 11.3% in FY22, and a 60-basis-point increase in gross margin to approximately 50%.

In Q4 ended Dec. 31, net income declined 20% to $125,690,000 from $156,961,000 as operating income slipped 27% to $155.4 ... Log in to view full article.