Columbia Sportswear Q1 net sales down 6% to $770M; EPS falls 4% to $0.71

COLUMBIA SPORTSWEAR CO

2024-Q1 EPS reported $0.71 revenue$769,982,000

Net sales $770M vs $820.6M in Q1 2023, down 6% YoY.
Operating income $44.7M (5.8% margin), down 21% from $56.4M.
Diluted EPS $0.71, down 4% from $0.74; gross margin improved 190 bps to 50.6%.
Ended quarter with $787.7M cash and no borrowings; inventories down 37%.
Board declared $0.30/share dividend payable May 30, 2024; repurchased $50.2M of stock.

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 2024 results: revenue $770.0 million, net income $42.3 million, EPS $0.71. Guidance reaffirmed.

Period: first quarter 2024
Revenue: $770.0 million
Net income: $42.3 million
EPS: $0.71
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Columbia Sportswear Company Reports First Quarter 2024 Financial Results; Updates Full Year 2024 Financial Outlook First Quarter 2024 Highlights • Net sales decreased 6 percent to $770.0 million, compared to first quarter 2023. • Operating income decreased 21 percent to $44.7 million, or 5.8 percent of net sales, compared to first quarter 2023 operating income of $56.4 million, or 6.9 percent of net sales. • Diluted earnings per share decreased 4 percent to $0.71, compared to first quarter 2023 diluted earnings per share of $0.74.

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Source: SEC EDGAR

accession 0001050797-24-000064

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