Investors looking for stocks in the Textile - Apparel sector might want to consider either PVH (PVH) or Columbia Sportswear (COLM) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a proven strategy that targets com ...

PORTLAND, Ore.--(BUSINESS WIRE)--Columbia Sportswear Company (Nasdaq: COLM) plans to release fourth quarter 2023 financial results at approximately 4:00 p.m. ET on Thursday, February 1, 2024. At approximately 4:15 p.m. ET, a commentary by Jim Swanson, Executive Vice President and Chief Financial Officer, reviewing the company's fourth quarter 2023 financial results will be furnished to the SEC on Form 8-K and published to the company's website at https://investor.columbia.com/financial-results. Analysts an ...

Company Overview - Columbia Sportswear Company (NASDAQ:COLM) is a leader in outdoor apparel, footwear, and equipment, founded in the late 1930s in Portland, Oregon. The company has been family-run since inception, with Tim Boyle as CEO since 1988 [3][7] - Columbia's main brands include Sorel, Mountain Hard Wear, prAna, and the original Columbia brand, all aimed at "unlocking the outdoors for everyone" [3] Market Position and Strategy - Columbia has identified an addressable market of $40 billion and aims to become the number one outdoor brand globally by focusing on iconic products, brand engagement, and consumer experiences [4][6] - The competitive landscape includes major players like North Face, Patagonia, Lululemon, and Nike, which poses challenges for Columbia's market share [6][17] Management and Performance - Tim Boyle has led the company since its IPO in 1998, resulting in over 900% stock return for investors. The company has a strong employee approval rating on Glassdoor [7][10] - The Boyle family holds nearly 40% of the company's common stock, aligning management's interests with shareholder value [7] Financial Performance - Columbia has achieved a 9% net sales CAGR since 1998, but recent years have seen underperformance, with a 3% increase in Q3 2023 net sales to approximately $986 million, while net income decreased due to a 10% rise in SG&A expenses [10][11] - The company reported a net income of $103.5 million for Q3 2023, down from $111.75 million in Q3 2022, with diluted earnings per share of $1.70 [11][12] Inventory and Balance Sheet - Columbia's inventory levels have decreased by 10% year-over-year, indicating effective inventory management [16] - The company maintains a solid balance sheet, with current assets exceeding liabilities, showcasing financial stability [14] Valuation Metrics - Columbia's overall valuation grade is a "D+", with various metrics indicating a mixed performance relative to its sector [19][21] - Using a reverse discounted cash flow model, the estimated intrinsic value of Columbia's shares is approximately $94, suggesting potential upside from current prices [22] Conclusion - Columbia is not positioned for high growth due to intense competition, but it has a strong balance sheet and continues to reward investors through dividends and share buybacks [23] - The company is suitable for investors seeking capital preservation and steady income rather than aggressive growth [23]

[SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS](index=4&type=section&id=SPECIAL%20NOTE%20REGARDING%20FORWARD-LOOKING%20STATEMENTS) The report contains forward-looking statements based on current expectations that involve inherent risks and uncertainties - This report contains forward-looking statements concerning various aspects of the business, including future performance, inventory levels, consumer spending, and strategic investments[7](index=7&type=chunk) - The company cautions that actual results may differ materially from those projected in forward-looking statements and clarifies it has no obligation to update these statements[8](index=8&type=chunk) [PART I — FINANCIAL INFORMATION](index=5&type=section&id=PART%20I%20%E2%80%94%20FINANCIAL%20INFORMATION) This part presents the company's unaudited financial statements and management's analysis for the period [Financial Statements](index=5&type=section&id=Item%201.%20Financial%20Statements) The unaudited financial statements show increased Q3 sales but lower net income and improved operating cash flow [Condensed Consolidated Balance Sheets (Unaudited)](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets%20(Unaudited)) The balance sheet reflects a decrease in total assets, cash, and inventories compared to year-end 2022 Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | Sep 30, 2023 | Dec 31, 2022 | Sep 30, 2022 | | :--- | :--- | :--- | :--- | | Cash and cash equivalents | $213,282 | $430,241 | $159,221 | | Inventories | $885,163 | $1,028,545 | $1,056,905 | | Total current assets | $1,882,756 | $2,136,941 | $1,959,610 | | Total assets | $2,798,943 | $3,051,546 | $2,890,152 | | Total current liabilities | $525,960 | $738,718 | $696,656 | | Total liabilities | $903,632 | $1,115,757 | $1,075,349 | | Total shareholders' equity | $1,895,311 | $1,935,789 | $1,814,803 | [Condensed Consolidated Statements of Operations (Unaudited)](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20(Unaudited)) The statement of operations shows a slight increase in Q3 net sales but a decline in net income and EPS Consolidated Statement of Operations Highlights (in thousands, except per share amounts) | Metric | Three Months Ended Sep 30, 2023 | Three Months Ended Sep 30, 2022 | Nine Months Ended Sep 30, 2023 | Nine Months Ended Sep 30, 2022 | | :--- | :--- | :--- | :--- | :--- | | Net sales | $985,683 | $955,059 | $2,427,209 | $2,294,632 | | Gross profit | $480,197 | $458,495 | $1,193,742 | $1,121,102 | | Operating income | $134,554 | $145,261 | $197,210 | $237,700 | | Net income | $103,508 | $111,750 | $158,060 | $185,750 | | Diluted EPS | $1.70 | $1.80 | $2.56 | $2.94 | [Condensed Consolidated Statements of Cash Flows (Unaudited)](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows%20(Unaudited)) The cash flow statement highlights a significant year-over-year improvement in operating cash flow Consolidated Statement of Cash Flows Highlights (Nine Months Ended Sep 30, in thousands) | Cash Flow Activity | 2023 | 2022 | | :--- | :--- | :--- | | Net cash provided by (used in) operating activities | $22,174 | $(328,089) | | Net cash provided by (used in) investing activities | $(38,485) | $88,462 | | Net cash used in financing activities | $(197,551) | $(339,656) | | Net decrease in cash and cash equivalents | $(216,959) | $(604,183) | [Notes to Condensed Consolidated Financial Statements (Unaudited)](index=11&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements%20(Unaudited)) This section details segment sales, capital return activities, and foreign exchange risk management Q3 2023 Net Sales by Segment and Channel (in thousands) | Segment/Channel | Net Sales | | :--- | :--- | | **By Segment:** | | | U.S. | $635,413 | | LAAP | $115,357 | | EMEA | $129,351 | | Canada | $105,562 | | **By Channel:** | | | Wholesale | $664,360 | | Direct-to-consumer | $321,323 | | **Total** | **$985,683** | - During the nine months ended September 30, 2023, the company repurchased **$144.6 million of common stock** and paid **$55.4 million in cash dividends**[18](index=18&type=chunk)[40](index=40&type=chunk) - The company uses currency forward contracts to manage foreign exchange risk, with a notional amount of **$548.4 million** in outstanding cash flow hedges as of September 30, 2023[56](index=56&type=chunk)[60](index=60&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=27&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses key business trends, Q3 performance, regional results, and the company's liquidity position - Key business environment trends include inflationary pressures impacting consumer demand, cautious inventory management by wholesale customers, and an elevated promotional environment[75](index=75&type=chunk)[76](index=76&type=chunk)[82](index=82&type=chunk) Q3 2023 vs. Q3 2022 Performance Summary (in millions) | Metric | Q3 2023 | Q3 2022 | % Change | | :--- | :--- | :--- | :--- | | Net Sales | $985.7 | $955.0 | 3% | | Gross Margin | 48.7% | 48.0% | +70 bps | | SG&A Expenses | $351.6 | $319.0 | 10% | | Operating Income | $134.6 | $145.3 | (7.4)% | | Net Income | $103.5 | $111.8 | (7.4)% | - For Q3 2023, U.S. net sales **increased 5%** and Canada **grew 33%**, while EMEA sales **decreased 16%** (21% constant-currency) and LAAP sales were flat[121](index=121&type=chunk) - As of September 30, 2023, the company had approximately **$720 million in total liquidity**, with operating cash flow improving to **$22.2 million** from a $328.1 million use of cash in the prior-year period[139](index=139&type=chunk)[140](index=140&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=47&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company reports no material changes to its primary market risks since the last annual report - There have been **no material changes** in the company's market risk exposures, which primarily relate to currency exchange rates, interest rates, and equity market risk, since the 2022 Annual Report[160](index=160&type=chunk) [Controls and Procedures](index=47&type=section&id=Item%204.%20Controls%20and%20Procedures) Management confirms the effectiveness of disclosure controls and procedures with no material changes identified - Based on an evaluation by management, the company's disclosure controls and procedures were deemed **effective** as of September 30, 2023[164](index=164&type=chunk) - **No material changes** to the company's internal control over financial reporting were identified during the third quarter of 2023[165](index=165&type=chunk) [PART II — OTHER INFORMATION](index=50&type=section&id=PART%20II%20%E2%80%94%20OTHER%20INFORMATION) This part covers legal proceedings, risk factors, stock repurchases, and other required disclosures [Legal Proceedings](index=50&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in routine legal matters not expected to have a material adverse effect - The company is engaged in routine litigation and legal matters but does **not expect the outcomes to materially impact** its financial position or results[168](index=168&type=chunk) [Risk Factors](index=50&type=section&id=Item%201A.%20Risk%20Factors) The company faces significant risks related to consumer demand, supply chain, inventory, and IT systems - The company's financial results are sensitive to changes in consumer demand, which can be affected by **volatile economic conditions**, competition, weather, and shifts in retail traffic patterns[171](index=171&type=chunk) - A failure to accurately forecast demand could lead to **excess inventory**, resulting in write-downs and discounted sales, which could harm brand image and gross margin[175](index=175&type=chunk)[176](index=176&type=chunk) - The business relies heavily on **contract manufacturers**, primarily in Asia, and third-party logistics providers, exposing it to risks of production delays and transportation disruptions[180](index=180&type=chunk)[186](index=186&type=chunk) - The company is exposed to information technology risks, including **system failures, cybersecurity breaches**, and increased government regulation related to data privacy[200](index=200&type=chunk)[202](index=202&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=70&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company details its Q3 common stock repurchases and remaining authorization under the program Common Stock Repurchases (Q3 2023) | Period | Total Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | July 2023 | 46,900 | $77.24 | | August 2023 | 771,046 | $74.42 | | September 2023 | 70,630 | $69.97 | | **Total** | **888,576** | **$74.21** | - As of September 30, 2023, the company had **$384.7 million remaining available** under its stock repurchase authorization[253](index=253&type=chunk) [Other Information](index=72&type=section&id=Item%205.%20Other%20Information) The company confirms no directors or officers adopted or terminated Rule 10b5-1 trading plans in Q3 - **No directors or officers** entered into or terminated any Rule 10b5-1 or non-Rule 10b5-1 trading arrangements during the third quarter of 2023[256](index=256&type=chunk) [Exhibits](index=72&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed with the report, including required CEO and CFO certifications - The report includes required certifications from the CEO and CFO under Rule 13a-14(a) and Section 1350, as well as XBRL data files[258](index=258&type=chunk)

Columbia Sportswear Company (NASDAQ:COLM) Q3 2023 Earnings Conference Call October 26, 2023 5:00 PM ET Company Participants Andrew Burns - Investor Relations Tim Boyle - Chairman, President and Chief Executive Officer Jim Swanson - Executive Vice President and Chief Financial Officer Conference Call Participants Bob Drbul - Guggenheim Mauricio Serna - UBS Laurent Vasilescu - BNP Paribas Alex Douglas - TD Cowen Jim Duffy - Stifel Abbie Zvejnieks - Piper Sandler Alex Perry - Bank of America Jonathan Komp - RW ...

DTC direct-to-consumer “+” or “up” increased “$##M” in millions of U.S. dollars DTC.com DTC e-commerce “-” or “down” decreased “$##B” in billions of U.S. dollars DTC B&M DTC brick & mortar LSD% low-single-digit percent c.c. constant-currency y/y year-over-year MSD% mid-single-digit percent M&A mergers & acquisitions U.S. United States HSD% high-single-digit percent FX foreign exchange LAAP Latin America and Asia Pacific LDD% low-double-digit percent ~ approximately ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_______to_______ ————————————————————— Commission file number 000-23939 ————————————————————— COLUMBIA SPORTSWEAR COMPANY (Exact name of registrant as specified in its cha ...

Columbia Sportswear Company (NASDAQ:COLM) Q2 2023 Results Conference Call August 1, 2023 5:00 PM ET Company Participants Andrew Burns - Investor Relations Tim Boyle - Chairman, President and CEO Jim Swanson - Executive Vice President and CFO Peter Bragdon - Executive Vice President, Chief Administrative Officer and General Counsel Conference Call Participants Bob Drbul - Guggenheim Laurent Vasilescu - BNP Paribas Mitch Kummetz - Seaport Research John Kernan - TD Cowen Jonathan Komp - Baird Jim Duffy - Stife ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_______to_______ ————————————————————— Commission file number 000-23939 ————————————————————— COLUMBIA SPORTSWEAR COMPANY (Exact name of registrant as specified in its ch ...

Q1 2023 Performance Highlights - Global net sales increased by 8% (10% c.c.), driven by early shipments of Spring '23 wholesale orders and DTC growth[17] - Gross margin decreased by 100 bps to 48.7%, primarily due to increased promotional activity[18, 26] - Operating income decreased by 33% to $56.4 million, with operating margin declining by 410 bps to 6.9%[18] - Net income decreased by 31% to $46.2 million, and diluted EPS decreased by 28% to $0.74[18] - The company exited the quarter with $460.6 million in cash and short-term investments and no borrowings[17] Net Sales Breakdown - Apparel, Accessories & Equipment sales increased by 12% (14% c.c.) to $633 million, while Footwear sales decreased by 4% (-1% c.c.) to $188 million[20] - Wholesale sales increased by 11% (14% c.c.) to $453 million, and DTC sales increased by 4% (7% c.c.) to $368 million[20] - U S wholesale sales increased by MSD%, while DTC sales increased by LSD%[24] - Canada net sales increased 35% (+43% c.c.)[25] Balance Sheet and Capital Allocation - Inventories increased by 34% y/y to $959 million, driven by elevated carryover inventory and early receipt of current season inventory[28] - Net cash provided by operating activities was $78 million[31] - The company repurchased 179,421 shares for $15.8 million, at an average price of $87.80 per share[32] 2023 Financial Outlook - Net sales are projected to be between $3.57 billion and $3.67 billion, representing a 3% to 6% increase compared to 2022[34] - Operating income is projected to be between $413 million and $432 million, representing a 5% to 10% increase compared to 2022[34] - Diluted EPS is projected to be between $5.15 and $5.40, representing a 4% to 9% increase compared to 2022[34]