Columbia Sportswear Q1 revenue beats estimates

Overview

• U.S. outdoor apparel maker's Q1 revenue was flat yr/yr, beating analyst expectations

• Q1 diluted EPS fell to $0.65 from $0.75 a year earlier

• Company repurchased $150 mln of common stock during the quarter

Outlook

• Columbia Sportswear sees 2026 net sales of $3.43-$3.50 bln, up 1%-3% from 2025

• Company raises 2026 gross margin outlook to 50.3-50.5% from prior 49.8%-50.0%

• Columbia Sportswear expects Q2 net sales of $600-$610 mln, down 1% to up 1% year-on-year

Result Drivers

• INTERNATIONAL GROWTH - Sales growth in most international markets offset by U.S. decline, per company

• U.S. SALES DECLINE - U.S. business fell due to lower wholesale orders and reduced winter product supply, per company

• TARIFF IMPACT - Gross margin contraction primarily reflected impact of incremental U.S. tariffs, partially offset by targeted price increases

Company press release: ID:nBw87wLfDa

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the apparel & accessories peer group is "buy."

• Wall Street's median 12-month price target for Columbia Sportswear Co is $66.50, about 10.9% above its April 29 closing price of $59.99

• The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 19 three months ago

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