Columbia Sportswear Company (COLM) investor relations material

Executive summary

• Q3 net sales rose 2% to $962.6M; operating income increased to $109.6M and diluted EPS was $1.66, with results exceeding guidance.

• International growth and improving U.S. DTC trends supported results amid shifting Fall ’26 wholesale shipments; ACCELERATE showed traction, particularly in U.S. e-commerce.

Financial highlights

• Q3 net income rose to $84.7M from $52.0M; diluted EPS was $1.66 vs. $0.95, with the prior-year comparison including $29.0M of impairment charges that reduced EPS by $0.46.

• Q3 SG&A fell 1% to $375.6M; its share of sales declined to 39.0% from 40.4%, reflecting disciplined spending and lower supply-chain and demand-creation costs, partly offset by incentive compensation and DTC expenses.

• First-nine-month sales rose 1% to $2.36B; operating income was $182.5M vs. $90.3M and net income was $145.6M vs. $84.1M.

Outlook and guidance

• FY2026 sales guidance is $3.46B–$3.50B, up 2%–3%; diluted EPS is $4.65–$4.90, with the low end raised.

• FY2026 gross margin is forecast at 52.1%–52.3%, operating margin at 8.7%–9.1%, and SG&A at 43.8%–44.0% of sales; gross-margin guidance includes ~180 bps from tariff refunds net of factory accommodations.

• Q4 sales are forecast at $1.108B–$1.145B, up 3.5%–7.0%, with EPS of $1.85–$2.10; remaining Fall ’26 shipments and tariff refunds in inventory support the outlook.

• FY2026 operating cash flow guidance is $230M–$250M, reduced due to earlier Spring ’27 production and higher expected year-end inventory; capex is planned at $60M–$70M.

• Preliminary H1 2027 wholesale sales growth is mid-single digit in the U.S. and globally; the Spring ’27 order book improved to low-to-mid-single-digit growth.