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Columbia Sportswear Raises Earnings Guidance On Q1 Beat

April 28, 2022

Columbia Sportswear Company’s earnings rose 20 percent in the first quarter ended March 31 on a 22 percent revenue gain. The company raised its EPS guidance for the year, with earnings topping Wall Street targets. Among brands, the largest gain came from Sorel, up 37 percent year-over-year, followed by Columbia, up 22 percent, with mid-single-digit gains at Prana and Mountain Hardwear.

EPS came in at $1.03, 17 cents better than the analyst consensus estimate of 86 cents. Revenue for the quarter came in at $761.5 million versus the consensus estimate of $762.69 million. SGB Media