Latest news with #LAAP
Yahoo
07-05-2025
- Business
- Yahoo
Columbia Sportswear withdraws 2025 forecast despite positive Q1
In Q1 Columbia Sportswear's net sales climbed by 1% to $778.45m from $769.98m in the same period the previous year. This growth was attributed to an uptick in wholesale net sales, spurred by an increase in orders for the Spring '25 collection. The sales upturn was predominantly propelled by performance in the Latin America, Asia Pacific (LAAP), and Europe, Middle East and Africa (EMEA) markets. However, this was somewhat counterbalanced by a downturn in the Canadian and US markets, notes the company. Columbia Sportswear chairman, president and CEO Tim Boyle stated: 'I'm encouraged by our first quarter results, with net sales and earnings exceeding our guidance range. We generated healthy growth in nearly all our international markets, including double-digit percent growth in the LAAP region and high-single-digit percent constant currency growth in the EMEA region.' Columbia Sportswear key metrics for Q1 FY25 In Q1 FY25, Columbia Sportswear's net income remained relatively unchanged at $42.25m or $0.75 per diluted share. Operating income saw a 4% increase to $46.51m compared to $44.68m in Q1 FY24, representing 5.8% of net sales at that time. Gross profit of the company ascended to $396.06m in Q1 FY25 from $389.56m in Q1 FY24 and gross margin widened by 30 basis points to 50.9% of net sales from 50.6% for the corresponding period in 2024. This margin expansion is credited to a combination of factors including reduced outbound shipping expenses, improved closeout margins, and favourable costs for spring 2025 products inputs; these were partially negated by less advantageous FX hedging rates. Selling, general, and administrative (SG&A) expenses increased slightly to $354.47m or 45.5% of net sales from $349.27m or 45.4% of net sales for the same period in the prior year. Notable changes within SG&A were heightened direct-to-consumer (DTC) and demand creation expenses which were offset by decreased supply chain costs. Inventories experienced a 3% increase to $623.7m in Q1 FY25. Columbia Sportwear's outlook During the earnings call, Boyle said: 'Given the heightened uncertainty regarding tariff rates and the impact this will have on product costs and consumer demand, we are withdrawing our full year 2025 outlook.' He outlined the company's strategy for the remainder of the year. Before the tariff increases, the company was positioned to meet its full-year financial goals. For the second quarter, Columbia expects net sales to increase between 1% and 5% compared to the previous year, aligning with the net sales forecast for the first half that was shared in February, he noted.
Fashion United
02-05-2025
- Business
- Fashion United
Columbia Sportswear withdraws 2025 forecast citing tariff pressures
Columbia Sportswear Company reported its first quarter 2025 financial results showcasing a modest uptick in performance amid global economic uncertainties. Despite the positive quarterly performance, Columbia Sportswear withdrew its previously issued full-year 2025 financial outlook, citing macroeconomic uncertainties stemming from recent U.S. tariff increases and ambiguous public policy. For the first quarter, the company achieved net sales of 778.5 million dollars, up 1 percent or 3 percent on a constant-currency basis. Operating income rose by 4 percent to 46.5 million dollars, while net income remained relatively flat at 42.2 million dollars or 0.75 dollars per diluted share, Chairman, president, and CEO Tim Boyle emphasized the company's proactive measures to maintain financial strength, including a robust balance sheet with 658.4 million dollars in cash and short-term investments and no bank borrowings at the end of the quarter. 'I'm encouraged by our first quarter results, with net sales and earnings exceeding our guidance range,' Boyle said. International markets were a significant contributor to this growth, with the Latin America and Asia Pacific (LAAP) region experiencing double-digit percentage increases and the Europe, Middle East, and Africa (EMEA) region seeing high single-digit growth in constant currency terms. These gains helped offset challenges in North America, where the company faced a softer consumer environment. Commenting on the outlook, Boyle said, 'In light of macro-economic uncertainty resulting from U.S. tariff increases and ambiguous public policy, we are taking decisive actions to maintain the company's financial strength. As part of our Accelerate Growth Strategy, we remain committed to increasing investments in demand creation to bring our new highly differentiated marketing campaign and enhanced product assortment to life this fall.' However, the company provided its outlook for the second quarter, projecting net sales in the range of 575 to 600 million dollars, representing growth of 1 to 5 percent.
Fashion Network
02-05-2025
- Business
- Fashion Network
Columbia Sportswear posts flat earnings on slight sales growth, retracts guidance on US tariff fears
Columbia Sportswear on Thursday withdrew it full year 2025 financial outlook, with the U.S. outdoorwear maker citing macroeconomic uncertainty resulting from the recent U.S. tariff increases. The Portland-based firm made the announcement as part of it first-quarter earnings update, in which net sales increased 1 percent to $778.5 million. The growth was led by the Latin America, Asia Pacific and Europe, Middle East and Africa regions, partially offset by declines in Canada and the United States. Likewise, net income was flat at $42.2 million, or $0.75 per diluted share, compared to net income of $42.3 million, or $0.71 per diluted share, for the comparable period in 2024. 'I'm encouraged by our first quarter results, with net sales and earnings exceeding our guidance range. We generated healthy growth in nearly all our international markets, including double-digit percent growth in the LAAP region and high-single-digit percent constant currency growth in the EMEA region," said Columbia Sportswear chairman, president and chief executive officer, Tim Boyle 'In light of macro-economic uncertainty resulting from U.S. tariff increases and ambiguous public policy, we are taking decisive actions to maintain the company's financial strength. We have the opportunity to gain market share in the current environment." While the company retracted its full-year guidance, it did forecast second-quarter sales to be between $575 to $600 million, representing growth of 1 to 5 percent.
Fashion Network
02-05-2025
- Business
- Fashion Network
Columbia Sportswear posts flat earnings on slight sales growth, retracts guidance on US tariff fears
Columbia Sportswear on Thursday withdrew it full year 2025 financial outlook, with the U.S. outdoorwear maker citing macroeconomic uncertainty resulting from the recent U.S. tariff increases. The Portland-based firm made the announcement as part of it first-quarter earnings update, in which net sales increased 1 percent to $778.5 million. The growth was led by the Latin America, Asia Pacific and Europe, Middle East and Africa regions, partially offset by declines in Canada and the United States. Likewise, net income was flat at $42.2 million, or $0.75 per diluted share, compared to net income of $42.3 million, or $0.71 per diluted share, for the comparable period in 2024. 'I'm encouraged by our first quarter results, with net sales and earnings exceeding our guidance range. We generated healthy growth in nearly all our international markets, including double-digit percent growth in the LAAP region and high-single-digit percent constant currency growth in the EMEA region," said Columbia Sportswear chairman, president and chief executive officer, Tim Boyle 'In light of macro-economic uncertainty resulting from U.S. tariff increases and ambiguous public policy, we are taking decisive actions to maintain the company's financial strength. We have the opportunity to gain market share in the current environment." While the company retracted its full-year guidance, it did forecast second-quarter sales to be between $575 to $600 million, representing growth of 1 to 5 percent.
Fashion Network
02-05-2025
- Business
- Fashion Network
Columbia Sportswear posts flat earnings on slight sales growth, retracts guidance on US tariff fears
Columbia Sportswear on Thursday withdrew it full year 2025 financial outlook, with the U.S. outdoorwear maker citing macroeconomic uncertainty resulting from the recent U.S. tariff increases. The Portland-based firm made the announcement as part of it first-quarter earnings update, in which net sales increased 1 percent to $778.5 million. The growth was led by the Latin America, Asia Pacific and Europe, Middle East and Africa regions, partially offset by declines in Canada and the United States. Likewise, net income was flat at $42.2 million, or $0.75 per diluted share, compared to net income of $42.3 million, or $0.71 per diluted share, for the comparable period in 2024. 'I'm encouraged by our first quarter results, with net sales and earnings exceeding our guidance range. We generated healthy growth in nearly all our international markets, including double-digit percent growth in the LAAP region and high-single-digit percent constant currency growth in the EMEA region," said Columbia Sportswear chairman, president and chief executive officer, Tim Boyle 'In light of macro-economic uncertainty resulting from U.S. tariff increases and ambiguous public policy, we are taking decisive actions to maintain the company's financial strength. We have the opportunity to gain market share in the current environment." While the company retracted its full-year guidance, it did forecast second-quarter sales to be between $575 to $600 million, representing growth of 1 to 5 percent.
