• Q3 net income up 20%
  • Sales grow 29%
  • Ups FY profit guidance 

US outdoor apparel and footwear specialist Columbia Sportswear Company has upped its full-year outlook as it revealed increased earnings and sales in its third-quarter.

Net income in the three months to the end of September increased 20% to US$65.6m from $54.6m a year earlier.

The company booked record net sales of $675.3m for the quarter, an increase of 29% on the prior year. This included organic growth of around 14%, coupled with sales of $50.7m from the company's China joint venture, and around $28.2m from the newly-acquired prAna brand.

CEO Tim Boyle, said: "I'm thrilled to announce these outstanding third quarter results which reflect strong performance by our Columbia and Sorel brands in North American wholesale and direct-to-consumer channels. In addition, strengthening of the Columbia brand in our Europe-direct markets and incremental sales from our new China JV and newly-acquired prAna brand further bolstered top-line growth."

For the full year, Columbia has forecast a consolidated net sales increase of around 22%, and operating margin of 8.7%, compared with 7.8% in 2013. Net income is expected to increase around 35% to $127m.