Columbia Q3 net sales up 3% to $985.7M; EPS down 6% to $1.70; dividend declared

COLUMBIA SPORTSWEAR CO

2023-Q3 EPS reported $2.56 revenue$2,427,209,000

Net sales $985.7M (+3% YoY); operating income $134.6M (-7%).
Diluted EPS $1.70, down 6% from $1.80; gross margin +70bps to 48.7%.
SG&A rose 230bps to 35.7% of sales, pressuring operating margin to 13.7%.
Cash & short-term investments $214.8M, no borrowings; declared $0.30 quarterly dividend (payable Nov 30).
Updated full-year 2023 financial outlook (details in press release and CFO commentary).

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 third quarter and first nine months 2023 results: revenue $985.7 million, net income $103.5 million, EPS $1.70.

Period: third quarter and first nine months 2023
Revenue: $985.7 million
Net income: $103.5 million
EPS: $1.70
Result: reported results

Exact text from the filing

First Nine Months 2023 Financial Results; Updates Full Year 2023 Financial Outlook Third Quarter 2023 Highlights • Net sales increased 3 percent (3 percent constant-currency) to $985.7 million, compared to third quarter 2022. • Operating income decreased 7 percent to $134.6 million, or 13.7 percent of net sales, compared to third quarter 2022 operating income of $145.3

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Source: SEC EDGAR

accession 0001050797-23-000144

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