Columbia Sportswear Q1 EPS $0.74 vs $1.03; revenue up 8% to $820.6M; operating income down 33%

COLUMBIA SPORTSWEAR CO

2023-Q1 EPS reported $0.74 revenue$820,593,000

Net sales $820.6M (+8% YoY); operating income $56.4M (6.9% margin) vs $83.7M (11.0%) last year.
Diluted EPS $0.74, down 28% from $1.03; net income $46.2M vs $66.8M.
Gross margin contracted 100 bps to 48.7%; SG&A increased 300 bps to 42.3% of sales.
Board declared $0.30 per share quarterly dividend, payable June 1 to holders of record May 18.
Full year 2023 outlook updated but specific numbers not disclosed in filing.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

COLUMBIA SPORTSWEAR CO reported first quarter 2023 results: revenue $820.6 million, net income $46.2 million, EPS $0.74.

Period: first quarter 2023
Revenue: $820.6 million
Net income: $46.2 million
EPS: $0.74
Result: reported results

Exact text from the filing

Sportswear Company Reports First Quarter 2023 Financial Results; Updates Full Year 2023 Financial Outlook First Quarter 2023 Highlights • Net sales increased 8 percent to $820.6 million, compared to first quarter 2022. • Operating income decreased 33 percent to $56.4 million, or 6.9 percent of net sales, compared to first quarter 2022 operating income of $83.7

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Source: SEC EDGAR

accession 0001050797-23-000075

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