The US outdoor outfitter Columbia Sportswear Company announced new growth targets for the next three years on Thursday. At a meeting with investors and analysts in Portland, the parent company of the brands Columbia, Sorel, Mountain Hardwear and Prana also confirmed its forecasts for the current 2022 financial year. According to this, the company still expects sales to increase by ten to twelve Percent to 3.44 to 3.50 billion US dollars (3.50 to 3.56 billion euros). The diluted earnings target range remains between $5.00 and $5.40.
At the same time, the management presented its plans for the financial years 2023 to 2025. The target is therefore an average annual sales growth of nine to eleven percent. In 2025, annual sales are expected to reach 4.5 to 4.7 billion US dollars. During the same period, the company aims to grow diluted earnings per share by an average of 12 to 15 percent annually. Accordingly, USD 7.35 to 7.95 are promised for 2025.
“Our three-year plan calls for balanced, broad-based growth to be augmented by three key drivers: the footwear category, international expansion and online growth,” said Chairman, President and CEO Tim Boyle in a statement.
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