earnings
confidence high
sentiment positive
materiality 0.75
Columbia Sportswear Q1 net sales up 22% to $761.5M; EPS $1.03; adds $500M buyback
COLUMBIA SPORTSWEAR CO
2022-Q1 EPS reported
$1.03
revenue$761,510,000
- Q1 net sales record $761.5M (+22% YoY); diluted EPS $1.03 (+23% from $0.84).
- Operating income $83.7M (11.0% margin) vs $70.5M (11.3%) a year ago; freight costs weighed on gross margin.
- Board authorized additional $500M share repurchase; $217.3M already repurchased in Q1.
- Quarterly dividend of $0.30/share declared, payable June 2, 2022 to holders of record May 19, 2022.
- Russia operations paused new orders; no direct ops; future Russia sales removed from FY2022 outlook.