Welcome to our dedicated page for Columbia Sportswear Co news (Ticker: COLM), a resource for investors and traders seeking the latest updates and insights on Columbia Sportswear Co stock.
Columbia Sportswear Co. (NASDAQ: COLM) is a globally recognized leader in the design, sourcing, marketing, and distribution of active lifestyle apparel, footwear, accessories, and equipment. The company owns and operates several well-known brands, including Columbia, Mountain Hardwear, Sorel, and prAna. These brands are sold in more than 100 countries worldwide, earning a reputation for innovation, quality, and performance.
Columbia Sportswear primarily generates revenue through wholesale channels, selling products to sporting goods stores, department stores, and other retail outlets. The company also operates its own branded retail stores, ensuring direct consumer engagement in key markets. With a strong foothold in the United States, Columbia Sportswear also boasts significant sales in Latin America, the Asia-Pacific region, Europe, the Middle East, Africa, and Canada.
Products are sourced globally, with contract manufacturers outside the United States, predominantly in Asia, playing a vital role in the production process. This strategic sourcing model allows Columbia Sportswear to maintain competitive edge in cost and quality.
Recent achievements include expanding their product lines and enhancing their digital presence to meet the growing demand for online shopping. The company remains committed to sustainability, incorporating eco-friendly materials and processes in its manufacturing.
Partnerships with other leading outdoor and active lifestyle brands further enhance Columbia Sportswear’s market position. The company’s strong financial health, evidenced by steady revenue growth and robust market performance, makes it a significant player in the global apparel and footwear industry.
For more information, visit www.columbia.com, www.mountainhardwear.com, www.sorel.com, and prana.com.
Columbia Sportswear reported declining performance in Q3 2024, with net sales decreasing 5% to $931.8 million. Operating income fell to $112.5 million (12.1% of net sales) from $134.6 million (13.7%) in Q3 2023. Diluted earnings per share decreased to $1.56 from $1.70 year-over-year. The company maintained strong liquidity with $373.9 million in cash and equivalents, while completing $230.9 million in share repurchases. The Board approved a $600 million increase to share repurchase authorization and announced the ACCELERATE Growth Strategy for the Columbia brand.
Columbia Sportswear (Nasdaq: COLM) announced significant changes to its creative leadership, appointing a new creative agency partner and marketing head to oversee the brand's refreshed creative strategy. The initiative aims to leverage the company's 86-year heritage to elevate the Columbia brand. These strategic appointments are designed to enhance Columbia's creative direction and brand positioning in the outdoor apparel, footwear, accessories, and equipment markets.
Columbia Sportswear Company (Nasdaq: COLM) has announced plans to release its third quarter 2024 financial results on Wednesday, October 30, 2024 at approximately 4:05 p.m. ET. Following this, at around 4:15 p.m. ET, Jim Swanson, Executive Vice President and Chief Financial Officer, will provide a commentary reviewing the company's Q3 2024 financial results. This commentary will be furnished to the SEC on Form 8-K and published on the company's investor relations website.
A conference call hosted by senior management will take place at 5:00 p.m. ET. Analysts and investors can dial 888-506-0062 to participate or access the webcast live on the company's Investor Relations website. The webcast will remain available until approximately October 30, 2025.
Columbia Sportswear Company (COLM) reported a challenging second quarter for 2024, with net sales decreasing 8% to $570.2 million compared to Q2 2023. The company experienced a loss from operations of $23.8 million, or -4.2% of net sales, contrasting with an operating income of $6.2 million in the same period last year. Net loss per share was $(0.20), down from earnings per share of $0.14 in Q2 2023.
Despite the downturn, Columbia Sportswear maintains a strong financial position with $711.1 million in cash and no borrowings. The company has also significantly reduced its inventory levels, reporting $823.6 million in inventories, a 29% decrease from June 30, 2023. Columbia Sportswear has updated its full year 2024 financial outlook in light of these results.
Columbia Sportswear Company (Nasdaq: COLM) will release its second quarter 2024 financial results on Thursday, July 25, 2024, at approximately 4:05 p.m. ET. A detailed commentary by CFO Jim Swanson will follow at 4:15 p.m. ET and will be available on the company's website and furnished to the SEC on Form 8-K. A conference call with senior management will take place at 5:00 p.m. ET, accessible via phone or webcast on the Investor Relations section of Columbia's website. The webcast will be archived until July 25, 2025. Columbia Sportswear, a global leader in outdoor and lifestyle products, markets its products in over 100 countries under brands like Columbia, Mountain Hardwear, SOREL, and prAna. For more information, visit their official websites.
Columbia Sportswear Company (COLM) has appointed Michael Minter as the Vice President, Brand of SOREL. With almost 20 years of experience in creative and marketing leadership roles for various renowned brands, Mr. Minter's addition signifies a new growth phase for the brand. His expertise in revitalizing and expanding brands in footwear, fashion, outdoor, and action sports makes him a valuable asset to SOREL. Mr. Minter assumed his new role on April 29, 2024.
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