Columbia Sportswear Q4 EPS falls 23%; 2024 sales outlook down 2% to 4%
Columbia Sportswear reported fourth quarter 2023 net sales down 9% to $1,060.0 million and diluted EPS down 23% to $1.55, and forecast lower 2024 results, with net sales of $3.35 to $3.42 billion and diluted EPS of $3.45 to $3.85 versus $4.09 in 2023. Management said it expects 2024 to be a challenging year and is launching a profit improvement program targeting $125 to $150 million in annual savings by 2026.
Key points
- Q4 2023 net sales fell 9% to $1,060.0 million; operating income fell 27% to $113.1 million, including a $25.0 million prAna impairment charge.
- 2024 outlook: net sales of $3.35 to $3.42 billion (decline of 4.0% to 2.0%) and operating income of $256 to $288 million, versus $310.3 million in 2023.
- Full year 2023 operating cash flow was $636.3 million; the company repurchased $184.0 million of stock and had $345.3 million left under its authorization at year end.
- Board declared a quarterly dividend of $0.30 per share, payable March 22, 2024 to holders of record on March 8, 2024.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:38 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 01, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.