Columbia Sportswear‘s sturdy fourth-quarter profitability was helped by customers beginning their vacation purchasing sooner than years previous, CEO Tim Boyle informed CNBC’s Jim Cramer on Friday.

Shares of the outdoor-focused attire maker jumped 5% Friday, after the corporate a day earlier reported a 64% year-over-year leap in web revenue in This autumn and issued strong full-year steerage.

“In right this moment’s atmosphere the place there was a lot affect on provide chain, shortages actually everywhere in the world, I believe we have been helped a bit as a result of customers moved earlier to purchase no matter they wanted for his or her vacation and winter merchandise,” Boyle mentioned.

“That made for lack of promotional exercise in our shops and likewise by way of our retail companions. Their promotions have been smaller, as effectively,” Boyle continued.

Columbia’s working revenue of $211.6 million within the fourth quarter was a file for the Oregon-based firm. It represented 18.7% of web gross sales, in contrast with 13.5% of web gross sales in the identical quarter in 2020.

Columbia tasks gross sales between $3.63 billion and $3.69 billion in 2022, a possible improve between 16% and 18% in contrast with 2021 figures. Cramer informed Boyle he was impressed by the corporate’s steerage, given the difficult enterprise atmosphere with inflationary pressures and a matted provide chains.

“A lot of it’s based mostly on the truth that we’ve got fairly broad omnichannel enterprise,” responded Boyle, who has led Columbia since 1988. “We promote to quite a lot of retailers globally. We have orders from these retailers, that are going to mainly fill our order e book this yr, so it offers us a large amount of confidence in our future.”

Columbia shares are down slightly below 3% yr up to now after Friday’s advance. Over the previous three months, the inventory is down 9.7%, based mostly on Friday’s closing worth of $94.59. The inventory’s all-time excessive of $114.98 got here on April 29.

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