First quarter net income rose 20% to $66,837,000 from $55,900,000 as total sales increased 22% to $761,510,000 against $625,606,000 for the period ended March 31. Operating income was down slightly at 11.0% versus 11.3% while gross margin was off 170 basis points to 49.7% as a favorable full price selling environment was unable to offset the impact of higher freight costs and regional net sales shifts. Wholesale revenues rose 22% to $408 million with the Direct-to-Consumer segment rising by the same percentage to $354 million.

COLM’s Fall 2022 order book has strengthened, according to group CEO Tim Boyle, so the company ... Log in to view full article.