Columbia Sportswear reported net sales of $620.9 million in the second quarter, a 7 per cent increase year over year.

For the quarter ended June 30, operating income dropped by 29 per cent year on year to $6.2 million, equivalent to 1 per cent of net sales.

The company exited the period with $302.8 million of cash, cash equivalents, and short-term investments and no bank borrowings.

“During the quarter, we experienced continued strength across many international markets, including China, while the US environment proved more challenging,” said Tim Boyle, chairman, president and CEO of Columbia Sportswear.

“As we navigate near-term uncertainty, we are focused on taking actions to manage expenses and seeking opportunities to drive growth.”

The company expects full year net sales of $3.53-3.59 billion, a 2 to 3.5 per cent increase compared to 2022.

Founded in 1938, Columbia Sportswear specializes in outdoor, active, and lifestyle products including apparel, footwear, accessories, and equipment. Its brands include Columbia, Mountain Hardwear, Sorel, and Prana.