Financial Performance - Net sales increased by 6% from $570.2 million to $605.2 million[36] - Gross margin expanded by 120 bps to 49.1%[28, 58] - Operating margin improved by 30 bps to -3.9%[30, 36] - Diluted EPS increased by 5% to -$0.19[30, 36] Regional Performance - U S net sales decreased by 2% to $335 million[40] - LAAP net sales increased by 13% to $112 million[40] - EMEA net sales increased by 26% to $131 million[40] - Canada net sales increased by 2% to $27 million[40] Brand & Channel Performance - Columbia brand net sales increased by 8% to $548 million[50] - SOREL brand net sales decreased by 10% to $19 million[51] - Wholesale net sales increased by 14% to $317 million[53] - DTC net sales decreased by 1% to $288 million[54] Balance Sheet & Outlook - Cash, cash equivalents, and short-term investments totaled $579 million[33, 70] - Inventory increased by 13% to $926.9 million[31, 71] - The company expects net sales of $3.33 billion to $3.40 billion for 2025, representing a 1% decline to a 1% increase compared to 2024[81]

Financial Performance - Net sales increased by 1% to $778.5 million compared to Q1'24[34] - Gross margin increased by 30 bps to 50.9%[27,34] - Operating margin increased by 20 bps to 6.0%[29,34] - Diluted EPS increased by 6% to $0.75[29,34] - The company repurchased 1.25 million shares of common stock for $101.4 million[31] Regional Performance - U S net sales decreased by 1%[38] - LAAP net sales increased by 10% (14% in constant currency)[38] - EMEA net sales increased by 3% (7% in constant currency)[38] - Canada net sales decreased by 9% (-2% in constant currency)[38] Brand and Category Performance - Columbia brand net sales increased by 3%[49] - SOREL net sales decreased by 8%[49] - Apparel, Accessories & Equipment net sales increased by 2%[46] - Footwear net sales remained flat[46] Financial Position - Cash, cash equivalents, and short-term investments totaled $658 million[70] - Inventories increased by 3% year-over-year to $623.7 million[71]