Companies

Columbia Sportswear announces first quarter results, withdraws full year outlook

May 13, 2025 United States

The US-based company reported a satisfactory performance in the first quarter, with growth in all markets except the US and Canada. However, due to uncertainty from global trade policies, it has withdrawn its full year outlook

“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”, commented Chairman, President and Chief Executive Officer Tim Boyle.

First Quarter Results

In the first quarter of the financial year 2025, Columbia Sportswear’s net sales totalled 778.5 million US dollars, marking a 1% increase (or a 3% increase on a constant currency basis), as compared to the same period last year.

This result reflects growth in the Latin America and Asia Pacific (up by 10% or 14% on a constant currency basis), as well as in Europe, the Middle East and Africa (up by 3% or 7% on a constant currency basis), partially offset by weaker performance in the US (down by 1%) and Canada (down by 9% and 2% on a constant currency basis).

In the first quarter, the company’s gross margin increased by 30 basis points from 50.6% in the same period of 2024 to 50.9%. This was mainly due to lower outbound shipping expenses, higher closeout margins, and favourable Spring 2025 product input costs. However, this was partially offset by unfavourable FX hedging rates.

Columbia Sportswear reported an operating income growth of 4% in the first quarter of the year to 46.5 million US dollars, on a comparable basis to 44.7 million US dollars in the same quarter of the previous year.

In the three months that ended on the 31^st of March, the company’s net income was relatively flat at 42.2 million US dollars, or 0.75 US dollars per diluted share, as compared to a net income of 42.3 million US dollars, or 0.71 US dollars per diluted share, in the same period of fiscal 2024.

As of the end of March, the company had cash, cash equivalents and short-term investments totalling 658.4 million US dollars. This was comparable to 787.7 million US dollars in the same period last year, with no borrowings. Inventories increased by 3% year-on-year, reaching 623.7 million US dollars.

Outlook

“Due to macroeconomic uncertainty stemming from global trade policies”, Columbia Sportswear has withdrawn its full year 2025 outlook. For the second quarter, it expects net sales between 575 and 600 million US dollars, a growth of 1% to 5% as compared to the same period of 2024.

Image Credits: adventuresportsjournal.com

United States Columbia Sportswear Companies Quarter Results Results