Outerwear manufacturer Columbia Sportswear (NASDAQ:COLM) will be reporting earnings tomorrow after the bell. Here’s what to expect.

Columbia Sportswear beat analysts’ revenue expectations by 1.4% last quarter, reporting revenues of $1.10 billion, up 3.5% year on year. It was a slower quarter for the company, with full-year EPS guidance missing analysts’ expectations and a miss of analysts’ EPS estimates.

Is Columbia Sportswear a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Columbia Sportswear’s revenue to decline 1.7% year on year to $756.9 million, improving from the 6.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.66 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Columbia Sportswear has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Columbia Sportswear’s peers in the consumer discretionary segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Levi's delivered year-on-year revenue growth of 3.1%, missing analysts’ expectations by 0.8%, and Carter's reported a revenue decline of 4.8%, topping estimates by 0.9%. Levi's traded down 8.2% following the results while Carter's was also down 13.9%.

Read our full analysis of Levi’s results here and Carter’s results here.

Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the consumer discretionary stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.8% on average over the last month. Columbia Sportswear is down 18% during the same time and is heading into earnings with an average analyst price target of $73.38 (compared to the current share price of $62.97).

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