Columbia Sportswear Company provided earnings guidance for the fourth quarter and full year 2023. For the fourth quarter, the company expects sales to decline 5% to 10%, reflecting the wholesale sales shift into the third quarter compared to last year, partially offset by modest DTC growth. The company is forecasting fourth quarter diluted earnings per share to be in the range of $1.93 to $2.18.

For the full year, the company now expects net sales growth to be in the range of 1.5% to 2%. Inclusive of a lower tax rate assumption, The company forecasts diluted earnings per share to be in the range of $4.45 to $4.70.