Third Quarter 2024
Highlights
- Net sales decreased 5 percent (5 percent constant-currency)
to $931.8 million, compared to third quarter 2023.
- Operating income was $112.5 million, or 12.1 percent of net
sales, compared to third quarter 2023 operating income of $134.6
million, or 13.7 percent of net sales.
- Diluted earnings per share of $1.56, compared to third
quarter 2023 diluted earnings per share of $1.70.
- Exited the quarter with $373.9 million of cash, cash
equivalents and short-term investments and no borrowings.
- Repurchased $230.9 million of common stock during the first
nine months of 2024. On October 24, 2024, the Board of Directors
approved a $600 million increase to the Company's share repurchase
authorization.
- Announces the ACCELERATE Growth Strategy, intended to
elevate the Columbia brand.
Full Year 2024 Financial
Outlook
The following forward-looking statements reflect our
expectations as of October 30, 2024 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 found in the Full Year 2024
Financial Outlook section below and the CFO Commentary and
Financial Review presentation.
- Net sales of $3.31 to $3.38 billion (prior $3.35 to $3.42
billion), representing a net sales decline of 5.0 to 3.0 percent
(prior 4.0 to 2.0 percent) compared to 2023.
- Operating income of $257 to $284 million (prior $256 to $288
million), representing operating margin of 7.7 to 8.4 percent
(unchanged).
- Diluted earnings per share of $3.70 to $4.05 (prior $3.65 to
$4.05).
Columbia Sportswear Company (NASDAQ: COLM, the "Company"), a
multi-brand global leading innovator in outdoor, active and
lifestyle products including apparel, footwear, accessories, and
equipment, today announced third quarter 2024 financial results for
the period ended September 30, 2024.
Chairman, President and Chief Executive Officer Tim Boyle
commented, “Third quarter results reflect ongoing strength in most
international markets, offset by continued softness in North
America. While warm weather has curbed early season demand for Fall
2024 cold weather product, I’m excited about the differentiated
innovations we are offering consumers, including Omni-Heat Infinity
and Omni-Heat Arctic, as well as the lightweight comfort provided
by our Omni-Max footwear platform.
“In recent months, the Columbia brand embarked on ACCELERATE, a
growth strategy intended to elevate the brand and attract younger
and more active consumers. This multi-year strategy will be
centered around several consumer-centric shifts across our brand,
product and marketplace strategies. I’m confident the ACCELERATE
Growth Strategy will enable brand-right profitable growth and I’m
eager to see it come to life in the seasons ahead.
“Our financial position remains strong, with cash and short-term
investments of over $370 million and no bank borrowings exiting the
quarter. We are committed to investing in our strategic priorities
with renewed emphasis to:
- accelerate profitable growth;
- create iconic products that are differentiated, functional and
innovative;
- drive brand engagement through increased, focused demand
creation investments;
- enhance consumer experiences by investing in capabilities to
delight and retain consumers;
- amplify marketplace excellence, with digitally-led,
omni-channel, global distribution; and
- empower talent that is driven by our core values, through a
diverse and inclusive workforce."
CFO's Commentary and Financial Review
Presentation Available Online
For a detailed review of the Company's third quarter 2024
financial results, please refer to the CFO Commentary and Financial
Review presentation furnished to the Securities and Exchange
Commission (the "SEC") on a Current Report on Form 8-K and
published on the Investor Relations section of the Company's
website at http://investor.columbia.com/financial-results at
approximately 4:15 p.m. ET today. Analysts and investors are
encouraged to review this commentary prior to participating in our
conference call.
ACCELERATE Growth
Strategy
ACCELERATE is a growth strategy intended to elevate the Columbia
brand to attract younger and more active consumers. It is a
multi-year effort centered around several consumer-centric shifts
to our brand, product and marketplace strategies, as well as
enhanced ways of working. For more information on the ACCELERATE
Growth Strategy, please refer to the CFO Commentary and Financial
Review presentation.
Third Quarter 2024 Financial
Results
(All comparisons are between third quarter 2024 and third
quarter 2023, unless otherwise noted.)
Net sales decreased 5 percent (5 percent
constant-currency) to $931.8 million from $985.7 million for the
comparable period in 2023. The decline in net sales reflects lower
Fall '24 wholesale orders, as well as weak consumer demand in the
U.S. partially attributable to warm weather and outdoor category
headwinds.
Gross margin expanded 150 basis points to 50.2 percent of
net sales from 48.7 percent of net sales for the comparable period
in 2023. Gross margin expansion primarily reflects lower inbound
freight costs and favorable channel and region net sales mix,
partially offset by unfavorable FX hedging rates.
SG&A expenses were $361.2 million, or 38.8 percent of
net sales, compared to $351.6 million, or 35.7 percent of net
sales, for the comparable period in 2023. The largest changes in
SG&A expenses were higher direct-to-consumer ("DTC") and
incentive compensation expenses, partially offset by lower supply
chain and demand creation expenses.
Operating income was $112.5 million, or 12.1 percent of
net sales, compared to operating income of $134.6 million, or 13.7
percent of net sales, for the comparable period in 2023.
Interest income, net of $5.4 million, compared to $1.9
million for the comparable period in 2023, reflects higher yields
on increased levels of cash, cash equivalents, and investments.
Income tax expense of $29.0 million resulted in an
effective income tax rate of 24.4 percent, compared to income tax
expense of $32.6 million, or an effective income tax rate of 24.0
percent, for the comparable period in 2023.
Net income was $90.2 million, or $1.56 per diluted share,
compared to net income of $103.5 million, or $1.70 per diluted
share, for the comparable period in 2023.
First Nine Months 2024 Financial
Results
(All comparisons are between the first nine months 2024 and the
first nine months 2023, unless otherwise noted.)
Net sales decreased 6 percent (6 percent
constant-currency) to $2,272.0 million from $2,427.2 million for
the comparable period in 2023.
Gross margin expanded 60 basis points to 49.8 percent of
net sales from 49.2 percent of net sales for the comparable period
in 2023.
SG&A expenses were $1,013.3 million, or 44.6 percent
of net sales, compared to $1,011.5 million, or 41.7 percent of net
sales, for the comparable period in 2023.
Operating income was $133.4 million, or 5.9 percent of
net sales, compared to operating income of $197.2 million, or 8.1
percent of net sales, for the comparable period in 2023.
Interest income, net was $22.9 million, compared to $8.6
million for the comparable period in 2023.
Income tax expense of $37.6 million resulted in an
effective income tax rate of 23.8 percent, compared to income tax
expense of $48.1 million, or an effective income tax rate of 23.4
percent, for the comparable period in 2023.
Net income was $120.7 million, or $2.04 per diluted
share, compared to net income of $158.1 million, or $2.56 per
diluted share, for the comparable period in 2023.
Balance Sheet as of September 30,
2024
Cash, cash equivalents, and short-term investments totaled
$373.9 million, compared to $214.8 million as of September 30,
2023.
The Company had no borrowings as of either September 30, 2024 or
September 30, 2023.
Inventories decreased 10 percent to $798.2 million, compared to
$885.2 million as of September 30, 2023.
Cash Flow for the Nine Months Ended
September 30, 2024
Net cash used in operating activities was $76.6 million,
compared to net cash provided from operating activities of $22.2
million for the same period in 2023.
Capital expenditures totaled $41.7 million, compared to $41.4
million for the same period in 2023.
Share Repurchases for the Nine Months
Ended September 30, 2024
The Company repurchased 2,916,970 shares of common stock for an
aggregate of $230.9 million, or an average price per share of
$79.15.
At September 30, 2024, $114.5 million remained available under
our stock repurchase authorization. On October 24, 2024, the Board
of Directors authorized a $600 million increase to the Company's
share repurchase authorization, which does not obligate the Company
to acquire any specific number of shares or to acquire shares over
any specified period of time.
Quarterly Cash Dividend
The Board of Directors approved a regular quarterly cash
dividend of $0.30 per share, payable on December 4, 2024 to
shareholders of record on November 20, 2024.
Full Year 2024 Financial
Outlook
(Additional financial outlook details can be found in the CFO
Commentary and Financial Review presentation.)
The Company's full year and fourth quarter 2024 Financial
Outlooks, as well as first half 2025 commentary, are each
forward-looking in nature, and the following forward-looking
statements reflect our expectations as of October 30, 2024 and are
subject to significant risks and business uncertainties, including
those factors described under “Forward-Looking Statements” below.
These risks and uncertainties limit our ability to accurately
forecast results.
Net sales are expected to decrease 5.0 to 3.0 percent
(prior decrease of 4.0 to 2.0 percent), resulting in net sales of
$3.31 to $3.38 billion (prior $3.35 to $3.42 billion), compared to
$3.49 billion in 2023.
Gross margin is expected to expand 40 to 90 basis points
(prior 40 to 60 basis points) to 50.0 to 50.5 percent of net sales
(prior 50.0 to 50.2 percent) from 49.6 percent of net sales in
2023.
SG&A expenses, as a percent of net sales, are
expected to be 42.8 to 43.0 percent (prior 42.4 to 43.0 percent),
compared to SG&A expense as a percent of net sales of 40.6
percent in 2023.
Operating income is expected to be $257 to $284 million
(prior $256 to $288 million), resulting in operating margin of 7.7
to 8.4 percent (unchanged), compared to operating margin of 8.9
percent in 2023.
Interest income, net is expected to be approximately $30
million (prior $28 million).
Effective income tax rate is expected to be 24.0 to 25.0
percent (unchanged).
Net income is expected to be $217 to $238 million (prior
$215 to $239 million), resulting in diluted earnings per share of
$3.70 to $4.05 (prior $3.65 to $4.05). This diluted earnings per
share range is based on estimated weighted average diluted shares
outstanding of approximately 58.7 million (prior 59.3 million).
Foreign Currency
- Foreign currency translation is expected to have a modestly
unfavorable impact on full year net sales.
- Foreign currency is expected to have an approximately $0.01
negative impact on diluted earnings per share (prior $0.07) due to
negative foreign currency transactional effects from hedging of
inventory production, partially offset by favorable foreign
currency translation impacts.
Cash Flows
Operating cash flow is expected to be at least $300
million (prior $350 million).
Capital expenditures are planned to be in the range of
$60 to $70 million (prior $60 to $80 million).
Fourth Quarter 2024 Financial
Outlook
- Net sales are expected to be $1,040 to $1,110 million,
representing a decline of 2 percent to growth of 5 percent from
$1,060 million for the comparable period in 2023.
- Operating income is expected to be $123 to $151 million,
resulting in operating margin of 11.8 to 13.6 percent, compared to
operating margin of 10.7 percent in the comparable period in
2023.
- Diluted earnings per share is expected to be $1.68 to
$2.03, compared to $1.55 for the comparable period in 2023.
Preliminary First Half 2025
Commentary
- Based on our Spring ‘25 orderbook, we are forecasting
mid-single-digit percent growth in global wholesale net sales in
first half 2025.
- This reflects growth across all regions, and in the Columbia,
prAna and Mountain Hardwear brands.
Conference Call
The Company will hold its third quarter 2024 conference call at
5:00 p.m. ET today. Dial (888) 506-0062 to participate. The call
will also be webcast live on the Investor Relations section of the
Company's website at http://investor.columbia.com.
Fourth Quarter 2024 Reporting
Date
The Company plans to report fourth quarter 2024 financial
results on Tuesday, February 4, 2025 at approximately 4:00 p.m.
ET.
Supplemental Financial
Information
Since Columbia Sportswear Company is a global company, the
comparability of its operating results reported in United States
dollars is affected by foreign currency exchange rate fluctuations
because the underlying currencies in which it transacts change in
value over time compared to the United States dollar. To supplement
financial information reported in accordance with GAAP, the Company
discloses constant-currency net sales information, which is a
non-GAAP financial measure, to provide a framework to assess how
the business performed excluding the effects of changes in the
exchange rates used to translate net sales generated in foreign
currencies into United States dollars. The Company calculates
constant-currency net sales by translating net sales in foreign
currencies for the current period into United States dollars at the
average exchange rates that were in effect during the comparable
period of the prior year. Management believes that this non-GAAP
financial measure reflects an additional and useful way of viewing
an aspect of our operations that, when viewed in conjunction with
our GAAP results, provides a more comprehensive understanding of
our business and operations. In particular, investors may find the
non-GAAP financial measure useful by reviewing our net sales
results without the volatility in foreign currency exchange rates.
This non-GAAP financial measure also facilitates management's
internal comparisons to our historical net sales results and
comparisons to competitors' net sales results.
The non-GAAP financial measures should be viewed in addition to,
and not in lieu of or superior to, our financial measures
calculated in accordance with GAAP. The Company provides a
reconciliation of non-GAAP measures to the most directly comparable
financial measure calculated in accordance with GAAP. See the
"Reconciliation of GAAP to Non-GAAP Financial Measures" table
included herein. The non-GAAP financial measures presented may not
be comparable to similarly titled measures reported by other
companies.
Forward-Looking
Statements
This document contains forward-looking statements within the
meaning of the federal securities laws, including statements
regarding the Company’s expectations, anticipations or beliefs
about the Company's ability to realize growth opportunities and
manage expenses, financial position, marketing strategies,
inventory, full year 2024 net sales, gross margin, SG&A
expenses, operating income, net interest income, effective income
tax rate, net income, diluted earnings per share, weighted average
diluted shares outstanding, foreign currency translation, operating
cash flow, and capital expenditures, and fourth quarter 2024 net
sales, operating income, and diluted earnings per share, as well as
first half 2025 commentary. Forward-looking statements often use
words such as "will," "anticipate," "estimate," "expect," "should,"
"may," "plan" and other words and terms of similar meaning or
reference future dates. The Company's expectations, beliefs and
projections are expressed in good faith and are believed to have a
reasonable basis; however, each forward-looking statement involves
a number of risks and uncertainties, including those set forth in
this document, those described in the Company's Annual Report on
Form 10-K and Quarterly Reports on Form 10-Q under the heading
"Risk Factors," and those that have been or may be described in
other reports filed by the Company, including reports on Form 8-K.
Potential risks and uncertainties that may affect our future
revenues, earnings and performance and could cause the actual
results of operations or financial condition of the Company to
differ materially from the anticipated results expressed or implied
by forward-looking statements in this document include: loss of key
customer accounts; our ability to execute our ACCELERATE Growth
Strategy; our ability to execute and realize cost savings related
to our Profit Improvement Plan; our ability to effectively execute
our business strategies, including initiatives to upgrade our
business processes and information technology (“IT”) systems and
investments in our DTC businesses; our ability to maintain the
strength and security of our IT systems; the effects of
unseasonable weather, including global climate change; the
seasonality of our business and timing of orders; trends affecting
consumer spending, including changes in the level of consumer
spending, and retail traffic patterns; unfavorable economic
conditions generally, the financial health of our customers and
retailer consolidation; higher than expected rates of order
cancellations; changes affecting consumer demand and preferences
and fashion trends; changes in international, federal or state tax,
labor and other laws and regulations that affect our business,
including changes in corporate tax rates, tariffs, international
trade policy and geopolitical tensions, or increasing wage rates;
our ability to attract and retain key personnel; risks inherent in
doing business in foreign markets, including fluctuations in
currency exchange rates, global credit market conditions, changes
in global regulation and economic and political conditions and
disease outbreaks; volatility in global production and
transportation costs and capacity and timing; our ability to
effectively manage our inventory and our wholesale customer’s to
manage their inventories; our dependence on third-party
manufacturers and suppliers and our ability to source at
competitive prices from them or at all; the effectiveness of our
sales and marketing efforts; business disruptions and acts of
terrorism, cyber-attacks or military activities around the globe;
intense competition in the industry; our ability to establish and
protect our intellectual property; and our ability to develop
innovative products. The Company cautions that forward-looking
statements are inherently less reliable than historical
information. The Company does not undertake any duty to update any
of the forward-looking statements after the date of this document
to conform them to actual results or to reflect changes in events,
circumstances or its expectations. New factors emerge from time to
time and it is not possible for the Company to predict or assess
the effects of all such factors or the extent to which any factor,
or combination of factors, may cause results to differ materially
from those contained in any forward-looking statement.
About Columbia Sportswear
Company
Columbia Sportswear Company connects active people with their
passions and is a global multi-brand leading innovator in outdoor,
active and lifestyle products including apparel, footwear,
accessories, and equipment. Founded in 1938 in Portland, Oregon,
the Company's brands are sold in more than 100 countries. In
addition to the Columbia® brand, Columbia Sportswear Company also
owns the Mountain Hard Wear®, SOREL® and prAna® brands. To learn
more, please visit the Company's websites at www.columbia.com,
www.mountainhardwear.com, www.sorel.com, and www.prana.com.
COLUMBIA SPORTSWEAR
COMPANY
CONDENSED CONSOLIDATED BALANCE
SHEETS
(Unaudited)
(in thousands)
September 30,
2024
September 30,
2023
ASSETS
Current Assets:
Cash and cash equivalents
$
306,680
$
213,282
Short-term investments
67,244
1,474
Accounts receivable, net
581,738
686,821
Inventories
798,153
885,163
Prepaid expenses and other current
assets
72,443
96,016
Total current assets
1,826,258
1,882,756
Property, plant and equipment, net
284,963
283,095
Operating lease right-of-use assets
370,844
339,538
Intangible assets, net
79,221
80,321
Goodwill
26,694
51,694
Deferred income taxes
103,757
89,801
Other non-current assets
69,003
71,738
Total assets
$
2,760,740
$
2,798,943
LIABILITIES AND EQUITY
Current Liabilities:
Accounts payable
$
221,714
162,222
Accrued liabilities
266,161
283,799
Operating lease liabilities
72,968
72,685
Income taxes payable
6,097
7,254
Total current liabilities
566,940
525,960
Non-current operating lease
liabilities
348,786
323,508
Income taxes payable
14,607
24,218
Deferred income taxes
67
—
Other long-term liabilities
42,868
29,946
Total liabilities
973,268
903,632
Total shareholders' equity
1,787,472
1,895,311
Total liabilities and shareholders'
equity
$
2,760,740
$
2,798,943
COLUMBIA SPORTSWEAR
COMPANY
CONDENSED CONSOLIDATED
STATEMENTS OF OPERATIONS
(Unaudited)
Three Months Ended September
30,
Nine Months Ended September
30,
(In thousands, except per share
amounts)
2024
2023
2024
2023
Net sales
$
931,768
$
985,683
$
2,271,994
$
2,427,209
Cost of sales
464,209
505,486
1,141,457
1,233,467
Gross profit
467,559
480,197
1,130,537
1,193,742
Gross margin
50.2
%
48.7
%
49.8
%
49.2
%
Selling, general and administrative
expenses
361,243
351,563
1,013,262
1,011,490
Net licensing income
6,225
5,920
16,145
14,958
Operating income
112,541
134,554
133,420
197,210
Interest income, net
5,364
1,870
22,905
8,659
Other non-operating income, net
1,283
(311
)
2,030
354
Income before income tax
119,188
136,113
158,355
206,223
Income tax expense
29,031
32,605
37,639
48,163
Net income
$
90,157
$
103,508
$
120,716
$
158,060
Earnings per share:
Basic
$
1.56
$
1.70
$
2.05
$
2.57
Diluted
$
1.56
$
1.70
$
2.04
$
2.56
Weighted average shares outstanding:
Basic
57,785
60,844
58,896
61,575
Diluted
57,936
60,932
59,043
61,775
COLUMBIA SPORTSWEAR
COMPANY
CONDENSED CONSOLIDATED
STATEMENTS OF CASH FLOWS
(Unaudited)
Nine Months Ended September
30,
(in thousands)
2024
2023
Cash flows from operating
activities:
Net income
$
120,716
$
158,060
Adjustments to reconcile net income to net
cash provided by (used in) operating activities:
Depreciation and amortization
42,187
42,290
Non-cash lease expense
56,903
51,075
Provision for uncollectible accounts
receivable
3,183
2,010
Deferred income taxes
2,180
4,236
Stock-based compensation
18,478
17,026
Other, net
(11,278
)
568
Changes in operating assets and
liabilities:
Accounts receivable
(162,252
)
(146,139
)
Inventories
(50,336
)
135,417
Prepaid expenses and other current
assets
5,008
26,809
Other assets
(195
)
(3,106
)
Accounts payable
(17,044
)
(152,168
)
Accrued liabilities
(7,823
)
(42,251
)
Income taxes payable
(22,439
)
(20,434
)
Operating lease assets and liabilities
(56,557
)
(49,322
)
Other liabilities
2,661
(1,897
)
Net cash provided by (used in) operating
activities
(76,608
)
22,174
Cash flows from investing
activities:
Purchases of short-term investments
(388,348
)
(117,877
)
Sales and maturities of short-term
investments
751,232
120,747
Capital expenditures
(41,736
)
(41,355
)
Net cash provided by (used in) investing
activities
321,148
(38,485
)
Cash flows from financing
activities:
Proceeds from credit facilities
—
837
Repayments on credit facilities
—
(837
)
Proceeds from issuance of common stock
related to stock-based compensation
3,955
7,081
Tax payments related to stock-based
compensation
(4,806
)
(4,620
)
Repurchase of common stock
(230,864
)
(144,633
)
Cash dividends paid
(52,860
)
(55,379
)
Net cash used in financing activities
(284,575
)
(197,551
)
Net effect of exchange rate changes on
cash
(3,604
)
(3,097
)
Net decrease in cash and cash
equivalents
(43,639
)
(216,959
)
Cash and cash equivalents, beginning of
period
350,319
430,241
Cash and cash equivalents, end of
period
$
306,680
$
213,282
Supplemental disclosures of cash flow
information:
Cash paid during the year for income
taxes
$
63,650
$
66,580
Supplemental disclosures of non-cash
investing and financing activities:
Property, plant and equipment acquired
through increase in liabilities
$
12,224
$
5,389
COLUMBIA SPORTSWEAR
COMPANY
Reconciliation of GAAP to
Non-GAAP Financial Measures
Net Sales Growth -
Constant-currency Basis
(Unaudited)
Three Months Ended September
30,
Reported Net
Sales
Adjust for Foreign
Currency
Constant- currency Net
Sales
Reported Net
Sales
Reported Net
Sales
Constant- currency Net
Sales
(In millions, except percentage
changes)
2024
Translation
2024(1)
2023
% Change
% Change(1)
Geographical Net Sales:
United States
$
571.3
$
—
$
571.3
$
635.4
(10
)%
(10
)%
Latin America and Asia Pacific
135.0
1.7
136.7
115.4
17
%
18
%
Europe, Middle East and Africa
141.8
0.5
142.3
129.4
10
%
10
%
Canada
83.7
1.9
85.6
105.5
(21
)%
(19
)%
Total
$
931.8
$
4.1
$
935.9
$
985.7
(5
)%
(5
)%
Brand Net Sales:
Columbia
$
799.7
$
3.7
$
803.4
$
804.0
(1
)%
—
%
SOREL
73.9
0.2
74.1
122.1
(39
)%
(39
)%
prAna
28.6
—
28.6
30.7
(7
)%
(7
)%
Mountain Hardwear
29.6
0.2
29.8
28.9
2
%
3
%
Total
$
931.8
$
4.1
$
935.9
$
985.7
(5
)%
(5
)%
Product Category Net Sales:
Apparel, Accessories and Equipment
$
735.4
$
2.9
$
738.3
$
731.7
1
%
1
%
Footwear
196.4
1.2
197.6
254.0
(23
)%
(22
)%
Total
$
931.8
$
4.1
$
935.9
$
985.7
(5
)%
(5
)%
Channel Net Sales:
Wholesale
$
605.2
$
2.3
$
607.5
$
664.3
(9
)%
(9
)%
DTC
326.6
1.8
328.4
321.4
2
%
2
%
Total
$
931.8
$
4.1
$
935.9
$
985.7
(5
)%
(5
)%
(1) Constant-currency net sales is a
non-GAAP financial measure. See “Supplemental Financial
Information” above for further information.
COLUMBIA SPORTSWEAR
COMPANY
Reconciliation of GAAP to
Non-GAAP Financial Measures
Net Sales Growth -
Constant-currency Basis
(Unaudited)
Nine Months Ended September
30,
Reported Net
Sales
Adjust for Foreign
Currency
Constant- currency Net
Sales
Reported Net
Sales
Reported Net
Sales
Constant- currency Net
Sales
(In millions, except percentage
changes)
2024
Translation
2024(1)
2023
% Change
% Change(1)
Geographical Net Sales:
United States
$
1,385.9
$
—
$
1,385.9
$
1,552.0
(11
)%
(11
)%
Latin America and Asia Pacific
373.2
14.0
387.2
345.1
8
%
12
%
Europe, Middle East and Africa
350.2
(1.3
)
348.9
338.5
3
%
3
%
Canada
162.7
1.6
164.3
191.6
(15
)%
(14
)%
Total
$
2,272.0
$
14.3
$
2,286.3
$
2,427.2
(6
)%
(6
)%
Brand Net Sales:
Columbia
$
1,972.2
$
13.6
$
1,985.8
$
2,043.8
(4
)%
(3
)%
SOREL
140.6
0.2
140.8
220.4
(36
)%
(36
)%
prAna
81.7
—
81.7
90.8
(10
)%
(10
)%
Mountain Hardwear
77.5
0.5
78.0
72.2
7
%
8
%
Total
$
2,272.0
$
14.3
$
2,286.3
$
2,427.2
(6
)%
(6
)%
Product Category Net Sales:
Apparel, Accessories and Equipment
$
1,818.4
$
10.5
$
1,828.9
$
1,853.2
(2
)%
(1
)%
Footwear
453.6
3.8
457.4
574.0
(21
)%
(20
)%
Total
$
2,272.0
$
14.3
$
2,286.3
$
2,427.2
(6
)%
(6
)%
Channel Net Sales:
Wholesale
$
1,274.5
$
5.6
$
1,280.1
$
1,445.1
(12
)%
(11
)%
DTC
997.5
8.7
1,006.2
982.1
2
%
2
%
Total
$
2,272.0
$
14.3
$
2,286.3
$
2,427.2
(6
)%
(6
)%
(1) Constant-currency net sales is a
non-GAAP financial measure. See “Supplemental Financial
Information” above for further information.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241030226588/en/
Andrew Burns, CFA Vice President of Investor Relations and
Strategic Planning Columbia Sportswear Company (503) 985-4112
aburns@columbia.com
Grafico Azioni Columbia Sportswear (NASDAQ:COLM)
Storico
Da Gen 2025 a Feb 2025
Grafico Azioni Columbia Sportswear (NASDAQ:COLM)
Storico
Da Feb 2024 a Feb 2025
