Columbia Sportswear Q4 net sales down 9% to $1.06B; EPS falls 23% to $1.55

COLUMBIA SPORTSWEAR CO

2023-FY EPS reported $4.09 revenue$3,487,203,000

Q4 net sales $1,060M, down 9% YoY (10% constant-currency); operating income $113.1M, down 27%.
Full-year 2023 sales up 1% to $3,487.2M; operating income down 21% to $310.3M; EPS $4.09, down 17%.
Declared quarterly cash dividend of $0.30 per share, payable March 22, 2024 to holders of record March 8.
Inventory down 27% to $746.3M; company repurchased $184M of common stock during 2023.
Q4 includes $25M impairment charge for prAna; no borrowings and $764.5M in cash/short-term investments.

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 0.9

COLUMBIA SPORTSWEAR CO reported fourth quarter 2023 results: revenue $1,060.0 million, net income $93.3 million, EPS $1.55.

Period: fourth quarter 2023
Revenue: $1,060.0 million
Net income: $93.3 million
EPS: $1.55
Result: reported results

Exact text from the filing

Columbia Sportswear Company Reports Fourth Quarter and Full Year 2023 Financial Results; Provides Full Year 2024 Financial Outlook Fourth Quarter 2023 Highlights • Net sales decreased 9 percent (10 percent constant-currency) to $1,060.0 million, compared to fourth quarter 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.7

COLUMBIA SPORTSWEAR CO updated its full year 2024 guidance (initiated).

Period: full year 2024
Guidance: initiated
Result: guidance update

Exact text from the filing

Columbia Sportswear Company Reports Fourth Quarter and Full Year 2023 Financial Results; Provides Full Year 2024 Financial Outlook

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

COLUMBIA SPORTSWEAR CO reported full year 2023 results: revenue $3,487.2 million, EPS $4.09.

Period: full year 2023
Revenue: $3,487.2 million
EPS: $4.09
Result: reported results

Exact text from the filing

Full Year 2023 Highlights • Net sales increased 1 percent to $3,487.2 million, compared to 2022.

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Source: SEC EDGAR

accession 0001050797-24-000011

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