Columbia(COLM)

Search documents
Columbia Sportswear sues Columbia University over merch in latest legal battle for Ivy
New York Post· 2025-08-02 01:08
For decades, T-shirts, sweatshirts and other clothing under the Columbia Sportswear brand and clothing emblazoned with the Columbia University name coexisted more or less peacefully without confusion.But now, the Portland-based outdoor retailer has sued the New York-based university over alleged trademark infringement and a breach of contract, among other charges. It claims that the university’s merchandise looks too similar to what’s being sold at more than 800 retail locations including more than 150 of i ...
Columbia Is Cheaper And Growing Abroad, But Not Yet An Opportunity
Seeking Alpha· 2025-08-01 18:14
Columbia Sportswear Company (NASDAQ: COLM ) posted a very positive quarter , which, like many other names in apparel wholesale, was at least in part benefited from early shipments to avoid tariffs. Still, even with this in consideration, theLong-only investment, evaluating companies from an operational, buy-and-hold perspective.Quipus Capital does not focus on market-driven dynamics and future price action. Instead, our articles focus on operational aspects, understanding the long-term earnings power of com ...
Columbia Sportswear (COLM) Reports Q2 Earnings: What Key Metrics Have to Say
ZACKS· 2025-07-31 23:31
For the quarter ended June 2025, Columbia Sportswear (COLM) reported revenue of $605.25 million, up 6.1% over the same period last year. EPS came in at -$0.19, compared to -$0.20 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $589.48 million, representing a surprise of +2.67%. The company delivered an EPS surprise of +32.14%, with the consensus EPS estimate being -$0.28.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...
Columbia Sportswear (COLM) Reports Q2 Loss, Tops Revenue Estimates
ZACKS· 2025-07-31 22:46
Columbia Sportswear (COLM) came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of a loss of $0.28. This compares to a loss of $0.2 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +32.14%. A quarter ago, it was expected that this maker of outdoor gear would post earnings of $0.68 per share when it actually produced earnings of $0.75, delivering a surprise of +10.29%.Over the last four quarters, ...
Columbia(COLM) - 2025 Q2 - Earnings Call Transcript
2025-07-31 22:00
Financial Data and Key Metrics Changes - Net sales increased by 6% year over year to $605 million, slightly ahead of expectations, primarily driven by earlier fall wholesale shipments [13] - Gross margin expanded by 120 basis points to 49.1%, while SG&A expenses increased by 8% [14] - Loss per share was 19 cents compared to a loss of 20 cents in the prior year [14] Business Line Data and Key Metrics Changes - Wholesale net sales increased by 14%, while direct-to-consumer (DTC) sales decreased by 1% [14] - US net sales decreased by 2%, with DTC net sales declining in the mid-single digits [15] - SOREL net sales decreased by 10%, while Prana net sales decreased by 6% [27][28] Market Data and Key Metrics Changes - EMEA and LAAP regions both grew in double digits in the first half, led by China, Japan, and Europe [5] - China net sales increased in the high teens percentage, with strong growth across wholesale and DTC [18] - Europe direct net sales increased in the high teens percentage, with growth across all channels [21] Company Strategy and Development Direction - The company is focused on reenergizing the Columbia brand through the Accelerate Growth strategy, including a new global marketing platform [6] - Investments are being made in demand creation and digital strategies, including a redesign of the website [7] - The company aims to balance actions to offset higher tariffs while maximizing market share potential [12] Management's Comments on Operating Environment and Future Outlook - Management expressed concerns about ongoing public policy uncertainty in the US, particularly regarding tariffs [9] - The company expects higher prices for consumer goods to negatively impact demand and cautious inventory intakes from retailers [10] - Full year 2025 net sales outlook is projected between $3.3 billion and $3.4 billion, reflecting a decline of 1% to an increase of 1% year over year [31] Other Important Information - The company has actioned over $70 million in annual cost savings year to date [12] - A new organizational structure has been implemented to improve focus on growth opportunities in North America [26] - The company released its 2024 impact report highlighting efforts in environmental, social, and governance matters [34] Q&A Session Summary Question: Clarification on first half results and guidance - Management confirmed that first half results were largely in line with expectations, with stronger international performance offsetting US softness [38] Question: Insights on DTC performance and consumer behavior - Management acknowledged pressure on DTC sales but expects improvements with upcoming website refresh and marketing efforts [42][79] Question: Impact of tariffs on gross margins - Management indicated that tariffs are expected to impact gross margins by approximately $15 to $20 million in the third quarter [45] Question: Inventory composition and markdown perspective - Management expressed confidence in inventory composition, stating it is in excellent shape and flat to slightly down year over year [56] Question: Opportunities for improvement under new organizational structure - Management anticipates immediate results from the new structure, enhancing market approach and consumer engagement [64]
Columbia(COLM) - 2025 Q2 - Earnings Call Presentation
2025-07-31 21:00
Financial Performance - Net sales increased by 6% from $570.2 million to $605.2 million[36] - Gross margin expanded by 120 bps to 49.1%[28, 58] - Operating margin improved by 30 bps to -3.9%[30, 36] - Diluted EPS increased by 5% to -$0.19[30, 36] Regional Performance - U S net sales decreased by 2% to $335 million[40] - LAAP net sales increased by 13% to $112 million[40] - EMEA net sales increased by 26% to $131 million[40] - Canada net sales increased by 2% to $27 million[40] Brand & Channel Performance - Columbia brand net sales increased by 8% to $548 million[50] - SOREL brand net sales decreased by 10% to $19 million[51] - Wholesale net sales increased by 14% to $317 million[53] - DTC net sales decreased by 1% to $288 million[54] Balance Sheet & Outlook - Cash, cash equivalents, and short-term investments totaled $579 million[33, 70] - Inventory increased by 13% to $926.9 million[31, 71] - The company expects net sales of $3.33 billion to $3.40 billion for 2025, representing a 1% decline to a 1% increase compared to 2024[81]
Columbia(COLM) - 2025 Q2 - Quarterly Results
2025-07-31 20:05
Exhibit 99.1 Columbia Sportswear Company Reports Second Quarter 2025 Financial Results; Provides Third Quarter 2025 and Limited Full Year 2025 Financial Outlook Second Quarter 2025 Highlights Full Year 2025 Financial Outlook The following forward-looking statements reflect our expectations as of July 31, 2025 and are subject to significant risks and business uncertainties, including those factors described under "Forward-Looking Statements" below. Additional disclosures and financial outlook details can be ...
Analysts Estimate Columbia Sportswear (COLM) to Report a Decline in Earnings: What to Look Out for
ZACKS· 2025-07-24 15:07
The market expects Columbia Sportswear (COLM) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be rel ...
18家运动品牌,2024年1.3万亿营收里的最新行业格局
3 6 Ke· 2025-05-14 00:38
Core Insights - The sports footwear and apparel industry demonstrates resilience amid a sluggish global economic recovery and differentiated consumer demand, outperforming other sectors [1][2] - The analysis includes 19 brands/groups, primarily publicly listed companies, with revenue data for the 2024 calendar year, adjusted for fiscal year discrepancies and currency fluctuations [1][2] Global Market Overview - Total global revenue for the 18 brands/groups in 2024 is approximately $183.61 billion, reflecting a 3.78% increase from 2023 [8] - Nike and Adidas remain the dominant players, while Lululemon has surged to third place, surpassing Puma and VF Corporation [6][7] - The industry structure remains stable, with a leading tier of Nike and Adidas, followed by a growing middle tier including Decathlon, Anta, VF, and Lululemon [7][8] Chinese Market Insights - The total revenue for the Chinese market is estimated at around $37 billion for 2024, with an 8.8% year-over-year growth, outpacing global growth [14] - Anta Group leads the Chinese market, with significant contributions from its multi-brand strategy, while Nike retains the top position for single-brand revenue [14][15] - The competitive landscape in China features intense rivalry among brands like Anta, Li Ning, Adidas, and FILA, with Puma also showing growth [14][15] Growth Drivers - Running remains the highest growth segment in the sports footwear and apparel industry, with brands like HOKA and On experiencing significant revenue increases [15][16] - Outdoor brands, particularly those appealing to the middle class, are also thriving, driven by a shift in consumer identity and preferences [16] Future Considerations - The industry faces challenges related to brand positioning in either stock or incremental competition, necessitating strategic decisions on growth potential and market dynamics [17] - Established brands are undergoing transformations while new entrants must navigate consumer expectations and market integration [17]
Columbia(COLM) - 2025 Q1 - Quarterly Report
2025-05-08 20:12
PART I — FINANCIAL INFORMATION [Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) The unaudited condensed consolidated financial statements for Q1 2025 detail slight sales growth, stable net income, and decreased operating cash flow [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of March 31, 2025, total assets decreased to **$2.71 billion** from year-end 2024, driven by lower cash, while total liabilities also declined Key Balance Sheet Items (in thousands) | Account | March 31, 2025 | December 31, 2024 | March 31, 2024 | | :--- | :--- | :--- | :--- | | Cash and cash equivalents | $323,339 | $531,869 | $418,462 | | Inventories | $623,700 | $690,515 | $607,373 | | Total current assets | $1,741,336 | $2,008,582 | $1,846,218 | | Total assets | $2,707,415 | $2,975,265 | $2,762,231 | | Total current liabilities | $558,783 | $766,545 | $447,306 | | Total liabilities | $997,648 | $1,195,226 | $852,788 | | Total shareholders' equity | $1,709,767 | $1,780,039 | $1,909,443 | [Condensed Consolidated Statements of Operations](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) For Q1 2025, net sales increased **1.1%** to **$778.5 million**, gross margin improved to **50.9%**, and diluted EPS rose to **$0.75** due to share repurchases Q1 2025 vs Q1 2024 Performance (in thousands, except per share) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net sales | $778,452 | $769,982 | | Gross profit | $396,057 | $389,559 | | Operating income | $46,508 | $44,681 | | Net income | $42,248 | $42,300 | | Diluted EPS | $0.75 | $0.71 | [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash used in operating activities was **$32.0 million** in Q1 2025, a significant shift from **$106.8 million** provided in Q1 2024, primarily due to working capital changes Cash Flow Summary (in thousands) | Activity | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | | :--- | :--- | :--- | | Net cash provided by (used in) operating activities | $(32,038) | $106,773 | | Net cash provided by (used in) investing activities | $(61,431) | $37,109 | | Net cash used in financing activities | $(118,649) | $(71,343) | | Net decrease in cash and cash equivalents | $(208,530) | $68,143 | [Notes to Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) The notes detail accounting policies, revenue disaggregation by product and channel, segment performance, and financial instrument risk management, including **$696.7 million** in currency forward contracts Q1 2025 Net Sales by Product Category and Channel (in thousands) | Category/Channel | Net Sales | | :--- | :--- | | **Product Category** | | | Apparel, accessories and equipment | $628,820 | | Footwear | $149,632 | | **Channel** | | | Wholesale | $399,769 | | Direct-to-consumer | $378,683 | | **Total** | **$778,452** | Q1 2025 Segment Operating Income (in thousands) | Segment | Operating Income | | :--- | :--- | | U.S. | $65,954 | | LAAP | $26,330 | | EMEA | $18,978 | | Canada | $8,963 | | **Total Segment Operating Income** | **$120,225** | - The company offers a voluntary supply chain financing (SCF) program. As of March 31, 2025, outstanding payables under this program were **$51.4 million**, recorded within Accounts Payable[54](index=54&type=chunk) - The company uses currency forward contracts to hedge cash flow and manage currency risk. The notional amount of outstanding cash flow hedges was **$696.7 million** as of March 31, 2025[66](index=66&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=29&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the 'ACCELERATE Growth Strategy' and 'Profit Improvement Program' targeting over **$150 million** in savings, alongside Q1 2025 performance and tariff uncertainties [Overview and Strategic Initiatives](index=29&type=section&id=Overview%20and%20Strategic%20Initiatives) The company is implementing the 'ACCELERATE Growth Strategy' to attract younger consumers and a 'Profit Improvement Program' targeting over **$150 million** in annualized savings - The Columbia brand's ACCELERATE Growth Strategy is a multi-year initiative to elevate the brand and target a younger, more active consumer[80](index=80&type=chunk) - The Profit Improvement Program delivered approximately **$90 million** in cost savings in 2024. Actions planned for 2025 are intended to bring cumulative annualized savings to over **$150 million**[85](index=85&type=chunk) [Business Environment and Trends](index=31&type=section&id=Business%20Environment%20and%20Trends) The business faces significant uncertainty from potential U.S. tariffs, impacting costs and demand, while adapting North American DTC strategy and monitoring international trends - In April 2025, the U.S. announced an incremental **10%** tariff on products imported from most countries, creating significant volatility and uncertainty[86](index=86&type=chunk) - The company expects to absorb much of the incremental tariff cost for Fall 2025 products and is exploring mitigation tactics like re-design, re-sourcing, and re-pricing for 2026[88](index=88&type=chunk) - In North America, the company is shifting its DTC e-commerce to be less promotional and is opening new branded stores in high-traffic malls to elevate the brand image[94](index=94&type=chunk) [Results of Operations](index=33&type=section&id=Results%20of%20Operations) Q1 2025 consolidated net sales grew **1%** (or **3%** constant-currency) to **$778.5 million**, driven by international segments, with gross margin improving **30 basis points** to **50.9%** Q1 2025 Net Sales Growth by Brand (Constant Currency) | Brand | Constant Currency Net Sales % Change | | :--- | :--- | | Columbia | +5% | | SOREL | -6% | | prAna | -10% | | Mountain Hardwear | -13% | | **Total** | **+3%** | Q1 2025 Net Sales Growth by Segment (Constant Currency) | Segment | Constant Currency Net Sales % Change | | :--- | :--- | | U.S. | -1% | | LAAP | +14% | | EMEA | +7% | | Canada | -2% | - Gross margin expanded by **30 basis points** to **50.9%**, benefiting from lower outbound shipping expenses, higher closeout margins, and favorable Spring 2025 product input costs[105](index=105&type=chunk) - SG&A expenses increased **1%**, driven by higher costs for DTC brick-and-mortar stores and increased investment in demand creation aligned with the ACCELERATE strategy[107](index=107&type=chunk)[109](index=109&type=chunk) [Liquidity and Capital Resources](index=38&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains strong liquidity with **$658.4 million** in cash and investments, but Q1 2025 operating cash flow was a **$32.0 million** use, with future tariff impacts expected - As of March 31, 2025, the company had cash and cash equivalents of **$323.3 million** and short-term investments of **$335.1 million**[124](index=124&type=chunk) - The company has a **$500.0 million** unsecured, committed revolving credit facility, with no balance outstanding as of March 31, 2025[125](index=125&type=chunk) - Planned capital expenditures for 2025 are approximately **$60 to $80 million**, focusing on DTC operations, supply chain, and digital capabilities[132](index=132&type=chunk) - Inventory purchase obligations stood at **$708.6 million** as of March 31, 2025, up from **$675.0 million** a year prior[134](index=134&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=44&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) No material changes occurred in the company's market risk disclosures from its 2024 Annual Report on Form 10-K - There has not been any material change in the market risk disclosure from the company's 2024 Annual Report on Form 10-K[142](index=142&type=chunk) [Controls and Procedures](index=44&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of March 31, 2025, with no material changes in internal control over financial reporting - Based on an evaluation as of March 31, 2025, the CEO and CFO concluded that the company's disclosure controls and procedures are effective at a reasonable assurance level[144](index=144&type=chunk) - No changes occurred during the quarter ended March 31, 2025, that have materially affected, or are reasonably likely to materially affect, the company's internal control over financial reporting[145](index=145&type=chunk) PART II — OTHER INFORMATION [Legal Proceedings](index=45&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in various legal matters not expected to materially affect its financial condition, results of operations, or cash flows - The company is involved in litigation and legal matters in the normal course of business, which are not expected to have a material adverse effect on its financials[148](index=148&type=chunk) [Risk Factors](index=45&type=section&id=Item%201A.%20Risk%20Factors) Key risks include evolving U.S. trade policy and tariffs, changes in demand, supply chain reliance, IT challenges, cybersecurity threats, and global operational risks - Rapidly evolving U.S. global trade policy, including new tariffs, has had and may continue to have an adverse impact on the business, operating results, and financial condition[151](index=151&type=chunk) - The business is subject to risks from volatile economic conditions, highly competitive markets, and changing consumer preferences and fashion trends[155](index=155&type=chunk) - Reliance on contract manufacturers, primarily in the Asia Pacific region, creates risks related to production capacity, quality control, and compliance with labor and environmental laws[163](index=163&type=chunk)[165](index=165&type=chunk)[166](index=166&type=chunk) - The company relies on information technology systems, and any failure, interruption, or security breach could disrupt operations, cause data loss, and negatively affect its reputation and financials[183](index=183&type=chunk)[190](index=190&type=chunk) - As of March 31, 2025, three related shareholders controlled just over **50%** of the company's common stock, allowing them to exercise significant influence over corporate matters[233](index=233&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=67&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company repurchased **1,251,784** shares for **$101.4 million** in Q1 2025, with **$526.1 million** remaining for future repurchases Share Repurchases for Q1 2025 | Period | Total Shares Purchased | Average Price Paid per Share | Approximate Dollar Value Remaining (in millions) | | :--- | :--- | :--- | :--- | | Jan 2025 | — | $— | $627.6 | | Feb 2025 | **923,879** | **$80.58** | $553.1 | | Mar 2025 | **327,905** | **$82.33** | $526.1 | | **Total Q1** | **1,251,784** | **$81.03** | **$526.1** | - As of March 31, 2025, the company had **$526.1 million** remaining available under its share repurchase authorization[236](index=236&type=chunk) [Other Information](index=69&type=section&id=Item%205.%20Other%20Information) No directors or officers entered into or terminated Rule 10b5-1 trading arrangements during Q1 2025 - No directors or officers entered into or terminated Rule 10b5-1 trading arrangements during the first quarter of 2025[239](index=239&type=chunk) [Exhibits](index=69&type=section&id=Item%206.%20Exhibits) This section provides an index of all exhibits filed, including corporate governance documents, incentive plan agreements, and CEO/CFO certifications - The Exhibit Index lists documents filed with the report, including CEO and CFO certifications (Exhibits 31.1, 31.2, 32.1, 32.2) and forms of new long-term incentive cash and RSU award agreements (Exhibits 10.1, 10.2)[241](index=241&type=chunk)