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Dec 31, 2024
Columbia Q4 2024 Earnings Report
Reported a 3% increase in net sales and a 21% increase in operating income compared to Q4 2023.
Key Takeaways
Columbia Sportswear Company reported a 3% increase in net sales to $1,096.6 million and a 21% increase in operating income to $137.3 million for the fourth quarter of 2024. Diluted earnings per share increased by 16% to $1.80. The company's balance sheet remains strong with $815.5 million in cash and short-term investments and no borrowings.
Net sales increased 3% to $1,096.6 million.
Operating income increased 21% to $137.3 million.
Diluted earnings per share increased 16% to $1.80.
Ended the quarter with $815.5 million in cash and short-term investments and no borrowings.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company expects net sales to increase 1.0 to 3.0 percent, resulting in net sales of $3.40 to $3.47 billion. Diluted earnings per share is expected to be $3.80 to $4.15.
Positive Outlook
- Net sales are expected to increase 1.0 to 3.0 percent.
- Gross margin is expected to expand to approximately 51 percent of net sales.
- Operating margin is expected to be 7.7 to 8.3 percent.
- Effective income tax rate is expected to be 24.0 to 25.0 percent.
- Diluted earnings per share is expected to be $3.80 to $4.15.
Challenges Ahead
- SG&A expenses, as a percent of net sales, are expected to be 43.4 to 44.1 percent.
- First Quarter 2025 net sales are expected to decline of 3 to 1 percent.
- First Quarter 2025 diluted earnings per share is expected to be lower compared to previous year.
- Unfavorable economic conditions generally
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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