COLM - Columbia Sportswear GAAP EPS of $0.74 misses by $0.14 revenue of $820.6M beats by $20.89M

2023-04-27 16:17:57 ET

• Columbia Sportswear press release ( NASDAQ: COLM ): Q1 GAAP EPS of $0.74 misses by $0.14 .
• Revenue of $820.6M (+7.8% Y/Y) beats by $20.89M .
• Full Year 2023 Financial Outlook
• The following forward-looking statements reflect our expectations as of April 27, 2023 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 2023 Financial Outlook section below and the CFO Commentary and Financial Review presentation.
• Net sales of $3.57 to $3.67 billion (unchanged) representing net sales growth of 3 to 6 percent (unchanged) compared to 2022.
• Operating income of $413 to $431 million (prior $413 to $448 million), representing operating margin of 11.6 to 11.8 percent (prior 11.6 to 12.2 percent).
• Diluted earnings per share of $5.15 to $5.40 (prior $5.15 to $5.55) vs $5.34 consensus.

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