Columbia Sportswear Reveals New Growth Plan
The outdoor sportswear company unveiled three-year financial targets during its first Investor Day in its 24 years as a publicly traded company, calling for potential double-digit growth on both ends of the P&L driven by footwear, international expansion and digital channels. Revenues are forecast to reach $4.5 to $4.7 billion by 2025, growing at a three-year CAGR of 9% to 11% over the midpoint of the FY ’22 outlook. Wholesale is guided at a 9% to 11% CAGR, DTC e-commerce at 13% to 15% and DTC brick-and-mortar at 6% to 8%. ... Log in to view full article.