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Columbia reports massive increase in inventory, sales lower than expected

Columbia reports massive increase in inventory, sales lower than expected

Columbia Sportswear Co. (Nasdaq: COLM) on Thursday reported third quarter sales and earnings below expectations but still 19% higher compared with last year. “Third quarter net sales and earnings growth reflect broad momentum across our business and the power of our collective brand portfolio,” CEO and Chairman Tim Boyle said in a release. “Based on strong third quarter performance, we are reiterating our full year net sales and diluted earnings per share financial outlook.”