• Q1 net income grew to 10.1m
  • Sales increased 5% to $348.3m
  • US sales increased 4% to $200.5m

Columbia Sportswear has lowered its full year sales outlook, despite first quarter net income soaring as cold weather helped it to liquidate additional fall season inventory.

The company said net income reached US$10.1m in the quarter ended 31 March, from $3.89m in the same period of the prior year.

Sales increased 5% to $348.3m over the quarter, which the company attributed to cold weather in North America.

"Cold weather also helped our wholesale customers liquidate more of their fall 2012 inventory; however, it did not alter their cautious posture in placing advance orders for our fall 2013 product offering," said president and CEO Tim Boyle.

"Accordingly, based on current advance wholesale order levels, our direct-to-consumer expansion plans, the anticipated effects of transitioning to a joint venture in China, and a number of other variables and assumptions, our full year 2013 outlook anticipates slightly lower net sales compared to 2012."

The company said it expects net sales to decline slightly, and operating margin is expected to be 6.6%.