Columbia Sportswear (COLM) Tops Q2 EPS by 12c, Lowers Guidance

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Go back to Columbia Sportswear (COLM) Tops Q2 EPS by 12c, Lowers Guidance

Columbia Sportswear Company Reports Second Quarter and First Half 2023 Financial Results; Updates Full Year 2023 Financial Outlook

August 1, 2023 4:05 PM EDT

Second Quarter 2023 Highlights

Net sales increased 7 percent (9 percent constant-currency) to $620.9 million, compared to second quarter 2022. Operating income decreased 29 percent to $6.2 million, or 1.0 percent of net sales, compared to second quarter 2022 operating income of $8.8 million, or 1.5 percent of net sales. Diluted earnings per share increased 27 percent to $0.14, compared to second quarter 2022 diluted earnings per share of $0.11. Exited the quarter with $302.8 million of cash, cash equivalents and short-term investments and no borrowings.

Full Year 2023 Financial Outlook

The following forward-looking statements reflect our expectations as of August 1, 2023 and are... More