Columbia Sportswear Reports Q2 Earnings with Tariff Refunds Boosting Results
Columbia Sportswear (COLM) reported second-quarter net sales of $614 million, a 2% increase driven by international distributors and global e-commerce. Diluted earnings per share were $0.52, largely influenced by one-time U.S. tariff refunds. Excluding these refunds, the company recorded a non-GAAP loss per share of $0.41 at the midpoint of guidance. Gross margin expanded to 58.3%, primarily due to $60 million in recognized tariff refunds. However, adjusted gross margin contracted by 50 basis points because of increased discounting and ongoing U.S. tariffs. International sales rose 9% with strong performance from Latin America and Asia Pacific regions. The company raised its full-year operating margin guidance to 8.5%-9.3%, incorporating the impact of tariff refunds, while EPS guidance was lifted to $4.45-$4.90. Management noted supply chain disruptions due to Middle East logistics issues shifted over $30 million in shipments from Q3 to Q4.
Tickers: $COLM
Topics: financial_performance international_sales_growth tariffs