Business
Columbia Sportswear Company Reports First Quarter 2026 Financial Results; Updates Full Year 2026 Financial Outlook
First Quarter 2026 Highlights Net sales were relatively flat (decrease of 3 percent on a constant-currency basis) at $779.0 million, compared to first
About this update from Columbia Sportswear Company
[{"type":"text","content":"\nFirst Quarter 2026 Highlights\n\n\n\nNet sales were relatively flat (decrease of 3 percent on a constant-currency basis) at $779.0 million, compared to first quarter 2025.\n\n\n\nGross margin contracted 20 basis points to 50.7 percent of net sales from 50.9 percent of net sales in first quarter 2025.\n\n\n\nOperating income decreased 10 percent to $42.0 million, or 5.4 percent of net sales, compared to first quarter 2025 operating income of $46.5 million, or 6.0 percent of net sales.\n\n\n\nDiluted earnings per share of $0.65, compared to first quarter 2025 diluted earnings per share of $0.75.\n\n\n\nExited the quarter with $535.4 million of cash, cash equivalents and short-term investments and no borrowings.\n\n\n\nThe Company repurchased $150.0 million of common stock during the quarter.\n\n\n\nFull Year 2026 Financial Outlook\n\n\nThe following forward-looking statements reflect our expectations as of April 30, 2026 and are subject to significant risks and business uncertainties, including those factors described under “Forward-Looking Statements” below. Additional disclosures and financial outlook details can be found in the Full Year 2026 Financial Outlook section below and the CFO Commentary and Financial Review presentation.\n\n\n\nNet sales of $3.43 to $3.50 billion (unchanged), representing net sales growth of 1.0 to 3.0 percent (unchanged) compared to 2025.\n\n\n\nGross margin of 50.3 percent to 50.5 percent (prior 49.8 percent to 50.0 percent), including an improvement resulting from lower-than-planned U.S. tariffs driven by the temporary tariffs that are in place through July 2026.\n\n\n\nOperating income of $230 to $262 million (prior $211 to $243 million), representing operating margin of 6.7 to 7.5 percent of net sales (prior 6.2 to 6.9 percent).\n\n\n\nDiluted earnings per share of $3.55 to $4.00 (prior $3.20 to $3.65).\n\n\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 2026 financial results for the period ended March 31, 2026.\n\n\nChairman and Chief Executive Officer Tim Boyle commented, “We’re pleased to have delivered net sales and profitability exceeding our guidance for the first quarter...