--- title: "Columbia Sportswear | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 779.01 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285616058.md" datetime: "2026-05-07T20:45:17.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285616058.md) - [en](https://longbridge.com/en/news/285616058.md) - [zh-HK](https://longbridge.com/zh-HK/news/285616058.md) --- # Columbia Sportswear | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 779.01 M Revenue: As of FY2026 Q1, the actual value is USD 779.01 M, beating the estimate of USD 758.19 M. EPS: As of FY2026 Q1, the actual value is USD 0.65, beating the estimate of USD 0.3509. EBIT: As of FY2026 Q1, the actual value is USD 37.11 M. #### Overall Financial Performance Net sales for Columbia Sportswear Company were $779,013 thousand in 2026, remaining relatively flat compared to $778,452 thousand in 2025, with a -3% decrease in constant-currency . Gross profit slightly decreased to $394,962 thousand in 2026 from $396,057 thousand in 2025, resulting in a gross margin contraction of -20 basis points to 50.7% from 50.9% . Operating income decreased to $41,993 thousand in 2026 from $46,508 thousand in 2025 . Selling, General and Administrative (SG&A) expenses increased by 1% to $357,137 thousand in 2026 from $354,471 thousand in 2025, representing 45.8% of net sales in 2026 compared to 45.5% in 2025 . Net income was $34,308 thousand in 2026, down from $42,248 thousand in 2025 . #### Segmented Net Sales - **U.S.**: - Net Sales: $422,454 thousand in 2026, a -10% decrease from $471,181 thousand in 2025 . - Product Category Net Sales (2026): Apparel, accessories and equipment at $352,705 thousand; Footwear at $69,749 thousand . - Channel Net Sales (2026): Wholesale at $189,100 thousand; Direct-to-consumer at $233,354 thousand . - **Latin America and Asia Pacific (LAAP)**: - Net Sales: $160,243 thousand in 2026, a 5% increase (3% in constant-currency) from $152,210 thousand in 2025 . - Product Category Net Sales (2026): Apparel, accessories and equipment at $125,048 thousand; Footwear at $35,195 thousand . - Channel Net Sales (2026): Wholesale at $86,007 thousand; Direct-to-consumer at $74,236 thousand . - **Europe, Middle East and Africa (EMEA)**: - Net Sales: $145,349 thousand in 2026, a 35% increase (21% in constant-currency) from $107,480 thousand in 2025 . - Product Category Net Sales (2026): Apparel, accessories and equipment at $106,491 thousand; Footwear at $38,858 thousand . - Channel Net Sales (2026): Wholesale at $96,340 thousand; Direct-to-consumer at $49,009 thousand . - **Canada**: - Net Sales: $50,967 thousand in 2026, a 7% increase (1% in constant-currency) from $47,581 thousand in 2025 . - Product Category Net Sales (2026): Apparel, accessories and equipment at $38,849 thousand; Footwear at $12,118 thousand . - Channel Net Sales (2026): Wholesale at $29,625 thousand; Direct-to-consumer at $21,342 thousand . #### Segmented Operating Income - **U.S.**: - Operating Income: $49,012 thousand (11.6% of net sales) in 2026, a decrease of -$16,942 thousand from $65,954 thousand (13.9% of net sales) in 2025 . Gross margin contracted to 48.4% in 2026 from 49.1% in 2025, and SG&A expenses as a percentage of net sales increased to 32.5% in 2026 from 31.1% in 2025 . - **LAAP**: - Operating Income: $26,895 thousand (16.8% of net sales) in 2026, an increase of $565 thousand from $26,330 thousand (17.3% of net sales) in 2025 . Gross margin expanded to 56.9% in 2026 from 56.5% in 2025, while SG&A expenses as a percentage of net sales increased to 35.4% in 2026 from 34.9% in 2025 . - **EMEA**: - Operating Income: $28,151 thousand (19.4% of net sales) in 2026, an increase of $9,173 thousand from $18,978 thousand (17.7% of net sales) in 2025 . Gross margin expanded to 51.5% in 2026 from 50.8% in 2025, and SG&A expenses as a percentage of net sales decreased to 28.9% in 2026 from 29.9% in 2025 . - **Canada**: - Operating Income: $8,220 thousand (16.1% of net sales) in 2026, a decrease of -$743 thousand from $8,963 thousand (18.8% of net sales) in 2025 . Gross margin contracted to 48.1% in 2026 from 50.9% in 2025, and SG&A expenses as a percentage of net sales increased to 24.4% in 2026 from 24.3% in 2025 . - **Unallocated Corporate Expenses**: Decreased by -$3,432 thousand to $70,285 thousand in 2026 from $73,717 thousand in 2025 . #### Other Operational Metrics Net licensing income was $4,168 thousand (0.5% of net sales) in 2026, down from $4,922 thousand (0.6% of net sales) in 2025 . Interest income, net, decreased by -28% to $4,883 thousand (0.6% of net sales) in 2026 from $6,817 thousand (0.9% of net sales) in 2025 . Other non-operating income, net, was $397 thousand (0.1% of net sales) in 2026, down from $1,551 thousand (0.2% of net sales) in 2025 . Income tax expense was $12,965 thousand in 2026, with an effective income tax rate of 27.4%, compared to $12,628 thousand and 23.0% in 2025 . Depreciation and amortization expense totaled $13,691 thousand in 2026, compared to $13,465 thousand in 2025 . #### Cash Flow Net cash used in operating activities was -$77,542 thousand in 2026, an increase in cash usage from -$32,038 thousand in 2025 . Net cash provided by investing activities was $124,573 thousand in 2026, a significant increase from -$61,431 thousand in 2025 . Net cash used in financing activities was -$169,639 thousand in 2026, an increase in cash usage from -$118,649 thousand in 2025 . The net decrease in cash and cash equivalents was -$122,687 thousand in 2026, compared to -$208,530 thousand in 2025 . Cash and cash equivalents at the end of the period were $319,341 thousand as of March 31, 2026, compared to $323,339 thousand as of March 31, 2025 . #### Unique Metrics Total inventories decreased to $623,971 thousand as of March 31, 2026, from $689,456 thousand as of December 31, 2025 . As of March 31, 2026, Columbia Sportswear Company had $276.5 million remaining available under its share repurchase program, having repurchased $150.0 million of common stock during the three months ended March 31, 2026 . Outstanding payables under the Supply Chain Financing (SCF) program were $43.4 million as of March 31, 2026, down from $71.9 million as of December 31, 2025 . The company had paid approximately $80 million in IEEPA tariffs, with $55 million realized through cost of sales and the remainder in inventory as of March 31, 2026 . #### Future Outlook and Strategy Columbia Sportswear Company is implementing its ACCELERATE Growth Strategy to elevate the Columbia brand, aiming to drive profitable growth by targeting younger and more active consumers while maintaining existing value-oriented customers through consumer-centric shifts . The company plans to invest in organic growth opportunities, return at least 40% of free cash flow to shareholders through dividends and share repurchases, and consider opportunistic mergers and acquisitions . Full-year 2026 capital expenditures are projected to be approximately $65 million to $75 million, focusing on DTC operations, supply chain, and digital capabilities . ### Related Stocks - [COLM.US](https://longbridge.com/en/quote/COLM.US.md) ## Related News & Research - [Thrivent Financial for Lutherans Reduces Stock Position in Columbia Sportswear Company $COLM](https://longbridge.com/en/news/286761888.md) - [Tom Nikic Maintains Hold on Columbia Sportswear as ACCELERATE Strategy Offers Long-Term Promise but Near-Term Upside Appears Balanced](https://longbridge.com/en/news/286559295.md) - [LOWE'S REPORTS FIRST QUARTER 2026 SALES AND EARNINGS RESULTS | LOW Stock News](https://longbridge.com/en/news/287043063.md) - [Bally’s Corporation Reports First Quarter 2026 Results | BALY Stock News](https://longbridge.com/en/news/286814213.md) - [Vulnerability Exploitation Top Breach Entry Point, 2026 Industry-Wide DBIR Finds | VZ Stock News](https://longbridge.com/en/news/286918426.md)