Columbia predicted further price increases on top of what the company had already takes
Columbia Sportswear CFO told analysts the company had increased prices and anticipated “further prices increases” for Spring 2023.
Jim Swanson — Executive Vice President and Chief Financial Officer: Yes, as it relates to price versus unit, Paul. If you look at the second quarter as an example where we grew 2%, that’s going to be — units are going to be down a bit, knowing that our pricing for the spring season was up a mid-single-digit percentage.
Paul Lejuez — Citi — Analyst: And how about for the spring season? Is that seeing same dynamic pricing up units down?
Jim Swanson — Executive Vice President and Chief Financial Officer: Looking at Spring ’23? So my comment I just made was with regard to spring ’22. Spring ’23, I think, it would be premature at this point to provide any details with regard to how we’re thinking about rate of growth and mix between price versus units. We’re certainly continuing to operate in an inflationary environment. So there are further price increases that are contemplated in our Spring ’23 order book. (Columbia Sportswear Q2 2022 Earnings Call, 7/27/2022)