Core Viewpoint - Columbia Sportswear Company (COLM) reported strong first-quarter 2025 results, with both sales and earnings exceeding expectations, despite facing challenges from U.S. tariffs and a slight decline in U.S. sales [1][2]. Financial Performance - Earnings per share (EPS) reached 75 cents, surpassing the Zacks Consensus Estimate of 68 cents, and increased by 5.6% from 71 cents in the prior year [3]. - Net sales totaled $778.5 million, exceeding the Zacks Consensus Estimate of $760 million, and rose 1.1% year over year, driven by strong performance in Latin America, Asia Pacific, and EMEA regions [3]. - Gross profit increased by 1.7% to $396.1 million, with a gross margin of 50.9%, up 30 basis points from the previous year [4]. - Operating income rose to $46.5 million, a 4.1% increase from the prior year, with an operating margin of 6% [5]. Sales Performance by Region and Channel - U.S. net sales declined by 1% to $471.2 million, slightly missing estimates, while EMEA sales surged by 3% to $107.5 million, and Latin America and Asia Pacific sales grew by 10% to $152.2 million [8]. - Direct-to-consumer (DTC) sales remained flat at $378.7 million, while wholesale channel sales increased by 2% to $399.8 million [9]. Product Category Performance - Net sales in the Apparel, Accessories, and Equipment category increased by 2% to $628.8 million, surpassing estimates, while Footwear sales fell by 1% to $149.6 million [10]. Financial Position and Shareholder Returns - The company ended the quarter with cash and cash equivalents of $323.3 million and no debt, with inventories increasing by 2.7% to $623.7 million [11]. - During the quarter, the company repurchased 1,251,784 shares for $101.4 million and announced a quarterly cash dividend of 30 cents per share [12]. Future Outlook - The company has withdrawn its full-year 2025 financial outlook due to macroeconomic uncertainties and expects second-quarter net sales to be in the range of $575-$600 million, representing year-over-year growth of 1-5% [13].