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Investing.com -- Columbia Sportswear Company (NASDAQ:COLM) reported second-quarter earnings that beat analyst expectations, but shares tumbled 4.2% after the outdoor apparel maker issued disappointing guidance for the third quarter.
The company posted a second-quarter net loss of $0.19 per share, better than the analyst estimate of -$0.23. Revenue rose 6% YoY to $605.2 million, surpassing the consensus estimate of $588.37 million. The revenue growth primarily reflected changes in wholesale shipment timing and higher Spring 2025 wholesale orders, partially offset by lower direct-to-consumer sales.
For the third quarter, Columbia Sportswear expects earnings per share between $1.00 and $1.20, well below the consensus of $1.31. The company forecasts Q3 revenue of $904-922 million, falling short of analyst expectations of $934.3 million. For the full year 2025, Columbia projects revenue between $3.33 billion and $3.40 billion, representing a range from a 1% decline to a 1% increase compared to 2024.
"While business trends in our U.S. business remain soft, we continue to take steps to re-energize the Columbia brand through our ACCELERATE growth strategy," said Chairman, President and CEO Tim Boyle. "The apparel and footwear industry is facing increasing tariffs, on top of already high existing duties."
The company’s gross margin expanded 120 basis points to 49.1% of net sales compared to 47.9% in the same period last year. This improvement reflected healthier inventory composition resulting in less clearance and promotional activity.
Columbia ended the quarter with $579.0 million in cash, cash equivalents and short-term investments with no borrowings. Inventory increased 13% to $926.9 million compared to the same period last year.
The Board of Directors approved a quarterly cash dividend of $0.30 per share, payable on September 4, 2025.
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