Columbia Sportswear Company Q1 2026 Financial Results and 2026 Outlook

Columbia Sportswear Company reported Q1 2026 financial results with net sales relatively flat at $779.0 million, a 3% decrease on a constant-currency basis. Gross margin slightly contracted to 50.7%, and operating income decreased by 10% to $42.0 million, resulting in diluted earnings per share of $0.65. The company ended the quarter with $535.4 million in cash and no borrowings. For the full year 2026, Columbia Sportswear updated its financial outlook, now expecting net sales between $3.43 to $3.50 billion, representing 1.0% to 3.0% growth. Gross margin is projected to be between 50.3% and 50.5%, with operating income expected to be between $230 to $262 million. Diluted earnings per share are forecasted to be in the range of $3.55 to $4.00. The company also announced a quarterly cash dividend of $0.30 per share. The updated outlook reflects improved expectations for gross margin due to lower-than-planned U.S. tariffs and an increase in the full-year earnings per share guidance.