Business
Columbia Sportswear Company Reports First Quarter 2025 Financial Results; Withdraws Full Year 2025 Financial Outlook Due to Tariff Uncertainty
First Quarter 2025 Highlights Net sales increased 1 percent (3 percent constant-currency) to $778.5 million, compared to first quarter 2024. Operating income
About this update from Columbia Sportswear Company
[{"type":"text","content":"\nFirst Quarter 2025 Highlights\n\n\nNet sales increased 1 percent (3 percent constant-currency) to $778.5 million, compared to first quarter 2024.\n\n\nOperating income increased 4 percent to $46.5 million, or 6.0 percent of net sales, compared to first quarter 2024 operating income of $44.7 million, or 5.8 percent of net sales.\n\n\nDiluted earnings per share increased 6 percent to $0.75, compared to first quarter 2024 diluted earnings per share of $0.71.\n\n\nExited the quarter with $658.4 million of cash, cash equivalents and short-term investments and no borrowings.\n\n\nThe Company repurchased $101.4 million of common stock during the quarter.\n\n\nFull Year 2025 Financial Outlook\n\nDue to macroeconomic uncertainty stemming from global trade policies, the Company is withdrawing its full year 2025 financial outlook that was provided on February 4, 2025 and not providing a full year 2025 financial outlook at this time.\n\nAdditional disclosures and second quarter 2025 financial outlook details can be found in the Second Quarter 2025 Financial Outlook section below and the CFO Commentary and Financial Review presentation.\n\n PORTLAND, Ore.--(BUSINESS WIRE)--\nColumbia Sportswear Company (NASDAQ: COLM, the \"Company\"), a multi-brand global leading innovator in outdoor, active and lifestyle products including apparel, footwear, accessories, and equipment, today announced first quarter 2025 financial results for the period ended March 31, 2025.\n\nChairman, President and Chief Executive Officer Tim Boyle commented, “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.\n\n“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.\n\n“I believe the Columbia brand’s exceptional value is a competitive advantage. As part of our ACCELERATE Growth Strategy, we remain committed to increasing investments in demand creation to bring our new highly differentiated marketing campaign and enhanced pr...