Earnings Results: Columbia Sportswear says ‘escalating’ freight costs, port congestions are curbing its upside

Columbia Sportswear Co. late Monday swung to a quarterly profit and raised its full-year 2021 outlook, but the retailer said “escalating” ocean freight prices and ongoing port congestions limited the good news for the year.

Columbia Sportswear Co. late Monday swung to a quarterly profit and raised its full-year 2021 outlook, but the retailer said “escalating” ocean freight prices and ongoing port congestions limited the good news for the year.