Columbia Sportswear Company news and archive

Columbia Sportswear beats Q4 estimates despite annual sales dip

Outerwear player Columbia Sportswear managed to surpass Wall Street’s fourth revenue estimate with sales up 3 percent to 1.10 billion dollars for the fourth quarter of fiscal 2024. However, according to OregonLive, the company's shares were down around 8 percent in after-hours trading on Tuesday following a 3 percent decline in full year sales....

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Columbia Sportswear Company's chief technology officer exits

Skip Potter, chief technology and information officer of American sportswear company Columbia Sportswear Company, is stepping down from his role, according to a release from Columbia. Potter joined the company in August 2021 after previously serving as chief technology officer of Nike. Potter, according to his LinkedIn profile, has more than two...

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Columbia Sportswear posts drop in Q3 results

Third quarter net sales at Columbia Sportswear decreased 5 percent to 931.8 million dollars, operating income decreased to 112.5 million dollars or 12.1 percent of net sales, and diluted earnings per share dropped to 1.56 dollars. The company expects net sales for the full year to range between 3.31 to 3.38 billion dollars, representing a...

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Columbia brand hires new creative agency and marketing head

Columbia Sportswear Company has appointed Adam&eveDDB as the new creative agency partner and Matthew J. Sutton as senior vice president and head of marketing to oversee Columbia brand’s new creative strategy. The company said in a statement that Columbia brand has been working to bring the new strategic vision to life internally over the last...

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Columbia Sportswear posts Q2 loss, net sales decline

Net sales at Columbia Sportswear decreased 8 percent or 7 percent constant-currency to 570.2 million dollars reflecting lower wholesale net sales in the US due to retailer cautiousness, a difficult competitive environment, and generally soft consumer demand. The company said second quarter gross margin contracted 270 basis points to 47.9...

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Sorel names new vice president of brand

Footwear brand Sorel, part of Columbia Sportswear Company, has appointed Michael Minter as vice president of brand. Minter, who began his new role on April 29, has more than 20 years of experience in creative and marketing leadership roles for brands such as Sanuk, Billabong, Keen, DC, and Reef. Commenting on the appointment, Cory Long, who...

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Columbia Sportswear's Q1 net sales drop by 6 percent

For the first quarter, Columbia Sportswear Company’s net sales decreased 6 percent to 770 million dollars reflecting lower wholesale net sales in the United States and Canada. The company said in a release that full year net income is now expected to be 217 to 240 million dollars, resulting in diluted earnings per share of 3.65 dollars to 4.05...

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Columbia Sportswear expects 2024 to be 'challenging' year

Fourth quarter net sales at Columbia Sportswear decreased 9 percent or 10 percent constant-currency to 1,060 million dollars. The company’s full year net sales increased 1 percent reported and constant-currency to 3,487.2 million dollars. Commenting on the trading results, the company’s chairman, president and CEO Tim Boyle said: “We...

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Columbia Sportswear Q3 revenues increase 3 percent

Net sales increased 3 percent on current and constant-currency to 985.7 million dollars at Columbia Sportswear Company versus the comparable period in 2022. Gross margin expanded 70 basis points to 48.7 percent of net sales, operating income decreased 7 percent to 134.6 million dollars or 13.7 percent of net sales, while net income decreased 7...

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Columbia Sportswear appoints SVP of global distribution, Canada

Columbia Sportswear Company has appointed Tom Gyles as senior vice president, global distribution network in Canada. He is based in Ontario, Canada and reports to Lisa Kulok, EVP, chief supply chain officer. Gyles, the company said in a statement, oversees North America and Europe wholesale, retail, and ecommerce company-owned distribution...

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Columbia Sportswear maintains sales and earnings outlook

Columbia Sportswear Company net sales increased 19 percent or 22 percent constant-currency to 955 million dollars in the third quarter. Gross margin contracted 270 basis points to 48 percent of net sales from 50.7 percent of net sales, while net income increased 11 percent to 111.8 million dollars or 1.80 dollars per diluted share. Commenting on...

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Columbia Sportswear outlines growth targets, reaffirms outlook

Columbia Sportswear Company’s net sales are expected to grow at a three-year CAGR of 9 to 11 percent, compared to the midpoint of its 2022 financial outlook, reaching 4.5 to 4.7 billion dollars in 2025. The company said in a release that operating margin is expected to expand to approximately 14 percent of net sales in 2025 and diluted earnings...