Sustainable fashion, a term gaining significant prominence in recent years, refers to the practice of producing and consuming clothing in an environmentally and socially responsible manner. The concept has become more relevant due to the fashion industry’s significant environmental impact. Hence, investors have also raised their level of focus as they look for attractive sustainable fashion stocks to increase their exposure to this emerging trend.According to the research commissioned by the European Parlia ...

Columbia Sportswear Company (COLM) is likely to register a top and bottom-line decline when it reports fourth-quarter 2023 earnings on Feb 1. The Zacks Consensus Estimate for revenues is pegged at $1.1 billion, suggesting a decrease of 7.6% from the prior-year quarter’s reported figure.The consensus mark for quarterly earnings has remained unchanged in the past 30 days at $2.00 per share. This indicates a decline of 18.4% from the year-ago quarter’s reported figure. COLM has a trailing four-quarter earnings ...

Wall Street analysts expect Columbia Sportswear (COLM) to post quarterly earnings of $2 per share in its upcoming report, which indicates a year-over-year decline of 18.4%. Revenues are expected to be $1.08 billion, down 7.6% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 0.9% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Pri ...

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 ...