In the quarter ended 31 March 2026, the company posted net sales of $779m, marking a marginal increase over the $778.5m recorded in the same period of the previous year. This also exceeds the $747m to $759m sales range the company projected in its fiscal 2025 results statement.
Columbia Sportswear’s gross margin for the quarter was 50.7% of net sales, a slight decrease from last year’s 50.9%.
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Operating income also declined 10% to $42m, compared to $46.5m for the same period last year.
Columbia Sportswear’s net income was $34.3m, which translates to earnings per diluted share of $0.65. This is a decline from $42.2m, or $0.75 per diluted share, in the comparable 2025 quarter.
Columbia Sportswear chairman and CEO Tim Boyle said: “We’re pleased to have delivered net sales and profitability exceeding our guidance for the first quarter, driven by early Spring 2026 wholesale shipments and better-than-expected demand in Europe and the US.
“The strength of our international business continues to lead our growth. Our US business declined, which was largely expected due to a lower Spring 2026 wholesale order book, and our decisions taken last year to reduce supply of winter season products as a precautionary measure in response to US tariff announcements.”
Full year and second quarter 2026 outlook
For the full year 2026, Columbia Sportswear forecasts net sales growth of 1.0 to 3.0%, targeting net sales between $3.43bn and $3.50bn.
The company expects foreign currency translation will benefit net sales by approximately 50 to 100 basis points.
Gross margin is projected to contract by up to 20 basis points, resulting in a range of 50.3 to 50.5% of net sales, compared to 50.5% in 2025.
Operating margin for 2026 is expected to range from 6.7 to 7.5%, while the effective income tax rate is forecast between 24.0 and 25.0%.
The company also anticipated diluted EPS in the range of $3.55 to $4.00, compared to $3.23 in 2025.
For the second quarter of 2026, Columbia Sportswear expects net sales between $600m and $610m, which would represent a change of minus 1.0% to plus 1.0% from $605m in the previous year’s quarter.
The company anticipates an operating loss equivalent to 5.5 to 4.5% of net sales, and diluted loss per share is forecast between $0.46 and $0.37.
