Columbia(US:COLM)2025-10-30 20:05Financial Performance - Third quarter 2025 net sales increased 1 percent to $943.4 million, compared to $931.8 million in the third quarter of 2024[9] - Operating income decreased 40 percent to $67.4 million, or 7.1 percent of net sales, down from $112.5 million, or 12.1 percent of net sales in the prior year[6] - Diluted earnings per share were $0.95, compared to $1.56 in the third quarter of 2024, impacted by $0.46 from impairment charges[14] - Full year 2025 net sales guidance is $3.33 to $3.37 billion, reflecting a decline of 1.0 percent to flat compared to 2024[33] - Operating income for full year 2025 is projected to be between $163 million and $185 million, with an operating margin of 4.9 to 5.5 percent[33] - Gross margin for the third quarter contracted 20 basis points to 50.0 percent from 50.2 percent in the prior year, due to tariffs and unfavorable foreign exchange rates[10] - SG&A expenses increased to $380.9 million, or 40.4 percent of net sales, compared to $361.2 million, or 38.8 percent of net sales in the third quarter of 2024[11] - The company exited the quarter with $236.0 million in cash and no borrowings[19] Sales Performance by Region and Channel - In the United States, net sales decreased by 4% to $546,690 thousand from $571,306 thousand year-over-year[46] - Europe, Middle East and Africa saw a significant increase in net sales of 16%, reaching $164,461 thousand compared to $141,785 thousand in the previous year[46] - SOREL brand net sales increased by 10% to $80,964 thousand from $73,903 thousand year-over-year[46] - Direct-to-consumer (DTC) channel net sales decreased by 5% to $309,254 thousand from $326,551 thousand in the same quarter last year[46] - Latin America and Asia Pacific net sales grew by 9% to $407,901 thousand compared to $373,115 thousand in the previous year[49] - Wholesale channel net sales increased by 6% to $1,351,158 thousand from $1,274,498 thousand in the same period last year[49] Strategic Initiatives - The ACCELERATE Growth Strategy aims to attract younger consumers and includes a new brand platform, 'Engineered for Whatever'[4][5] - The company plans to report fourth quarter 2025 financial results on February 3, 2026[31] Overall Sales Performance - For the nine months ended September 30, 2025, total net sales were $2,327,123 thousand, a 2% increase from $2,271,994 thousand in 2024[49] - Apparel, accessories, and equipment category net sales for the nine months increased by 2% to $1,857,437 thousand from $1,818,350 thousand year-over-year[49] - The company reported a constant-currency net sales growth of 3% for the nine months ended September 30, 2025, compared to the previous year[49]