Columbia Sportswear Q2 2022: EPS down 82% to $0.11; net sales up 2% to record $578.1M

COLUMBIA SPORTSWEAR CO

2022-Q2 EPS reported $1.16 revenue$1,339,573,000

Net sales up 2% (4% constant-currency) to record $578.1M; operating income fell 75% to $8.8M.
Diluted EPS plunged 82% to $0.11 from $0.61 in Q2 2021; net income down 82% to $7.2M.
Gross margin contracted 240 bps to 49.2%; SG&A as % of sales rose 250 bps to 48.7%.
Repurchased $69.6M of stock in Q2 and $286.9M in first six months of 2022.
Board declared $0.30 quarterly dividend, payable Aug 31 to shareholders of record Aug 17.

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