Columbia Sportswear posts flat earnings on slight sales growth, retracts guidance on US tariff fears
The Portland-based firm made the announcement as part of it first-quarter earnings update, in which net sales increased 1 percent to $778.5 million. The growth was led by the Latin America, Asia Pacific and Europe, Middle East and Africa regions, partially offset by declines in Canada and the United States.
Likewise, net income was flat at $42.2 million, or $0.75 per diluted share, compared to net income of $42.3 million, or $0.71 per diluted share, for the comparable period in 2024.
'I'm encouraged by our first quarter results, with net sales and earnings exceeding our guidance range. We generated healthy growth in nearly all our international markets, including double-digit percent growth in the LAAP region and high-single-digit percent constant currency growth in the EMEA region," said Columbia Sportswear chairman, president and chief executive officer, Tim Boyle
'In light of macro-economic uncertainty resulting from U.S. tariff increases and ambiguous public policy, we are taking decisive actions to maintain the company's financial strength. We have the opportunity to gain market share in the current environment."
While the company retracted its full-year guidance, it did forecast second-quarter sales to be between $575 to $600 million, representing growth of 1 to 5 percent.
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