Columbia Sportswear (COLM) Tops Q1 EPS by 24c; Lifts Outlook
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Columbia Sportswear Company Reports Record First Quarter 2019 Financial Results; Raises Full Year 2019 Financial Outlook
April 25, 2019 4:05 PM EDTPORTLAND, Ore.--(BUSINESS WIRE)-- Columbia Sportswear Company (NASDAQ: COLM):
First Quarter 2019 Highlights
Net sales increased 8 percent (10 percent constant-currency) to a record $654.6 million. Gross margin expanded 210 basis points to a record 51.4 percent of net sales, compared to first quarter 2018 gross margin of 49.3 percent of net sales. Operating income increased 48 percent to a record $88.0 million and operating margin expanded 360 basis points to 13.4 percent of net sales, compared to first quarter 2018 operating income of $59.3 million, or 9.8... More