April 27, 2017 / 8:44 PM / in 6 months

BRIEF-Columbia Sportswear Co reports Q1 earnings per share $0.51

April 27 (Reuters) - Columbia Sportswear Co-

* Columbia Sportswear Company reports record first quarter financial results; updates full year 2017 financial outlook

* Q1 earnings per share $0.51

* Q1 sales rose 4 percent to $543.8 million

* Sees FY 2017 earnings per share $2.72 to $2.82

* Sees FY 2017 sales up about 3 percent

* Columbia Sportswear Co qtrly inventory decreased 3 percent to $398.8 million

* Columbia Sportswear Co - company expects fiscal year 2017 gross margins to improve by approximately 30 basis points

* Sees fy 2017 operating margin of approximately 10.8 percent

* Q1 earnings per share view $0.41, revenue view $533.4 million -- Thomson Reuters I/B/E/S

* Fy2017 earnings per share view $2.80, revenue view $2.47 billion -- Thomson Reuters I/B/E/S

* Columbia Sportswear Co - expects 2017 operating income to increase approximately 3 percent, to between $256 million and $265 million

* Columbia Sportswear Co - anticipated growth in full year 2017 operating income and net income is expected to occur in second half Source text for Eikon: Further company coverage:

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