Columbia Q2 sales +7% to $620.9M; EPS $0.14; declares $0.30 dividend

COLUMBIA SPORTSWEAR CO

2023-Q2 EPS reported $0.88 revenue$1,441,526,000

Net sales $620.9M, up 7% (constant-currency +9%) YoY; operating income $6.2M, down 29%.
Diluted EPS $0.14 vs $0.11 (+27%); net income $8.4M, up 17%.
Gross margin 50.6%, up 140 bps; SG&A as % of sales 50.3%, up 160 bps.
Cash and short-term investments $302.8M, no borrowings.
Board declared $0.30 quarterly dividend, payable Sept 5, 2023, record Aug 22, 2023.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

COLUMBIA SPORTSWEAR CO reported second quarter and first half 2023 results: revenue $620.9 million, net income $8.4 million, EPS $0.14. Guidance reaffirmed.

Period: second quarter and first half 2023
Revenue: $620.9 million
Net income: $8.4 million
EPS: $0.14
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Columbia Sportswear Company Reports Second Quarter and First Half 2023 Financial Results; Updates Full Year 2023 Financial Outlook Second Quarter 2023 Highlights • Net sales increased 7 percent (9 percent constant-currency) to $620.9 million, compared to second quarter 2022. • Operating income decreased 29 percent to $6.2 million, or 1.0 percent of net sales, compared to second quarter 2022 operating income of $8.8 million, or 1.5 percent of net sales. • Diluted earnings per share increased 27 percent to $0.14, compared to second quarter 2022 diluted earnings per share of $0.11.

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Source: SEC EDGAR

accession 0001050797-23-000131

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