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.
Fourth quarter 2021 results showed a 23% increase in net sales, reaching a record $1,129.7 million, and a 71% rise in operating income to $211.6 million. Diluted earnings per share rose 66% to $2.39. The company ended the quarter with $894.5 million in cash and no debt. The Board approved a 15% increase in the quarterly dividend to $0.30 per share. For the full year, net sales increased 25% to $3,126.4 million, with operating income up by 229% to $450.5 million. EPS also soared by 229% to $5.33.
Columbia Sportswear (NASDAQ: COLM) has revealed the official uniforms for the USA Curling National Team to be worn at the 2022 Winter Olympics in Beijing, China. Designed with input from top athletes, the uniforms feature advanced performance technologies including 4-way stretch fabrics and Omni-Wick™ for moisture control. The aesthetic design symbolizes national pride, with elements representing the team structure and patriotic colors. Columbia's partnership with USA Curling aims to support athletes in their pursuit of Olympic success.
Columbia Sportswear Company (Nasdaq: COLM) will release its fourth quarter 2021 financial results on February 3, 2022, at 4:00 p.m. ET. Following this, CFO Jim Swanson will provide commentary on the results via Form 8-K and on the company’s website. A conference call led by senior management is scheduled for 5:00 p.m. ET, accessible by phone and through a live webcast. Columbia Sportswear, founded in 1938 in Portland, Oregon, operates a portfolio of brands sold in around 90 countries.
Columbia Sportswear Company (NASDAQ: COLM) has appointed Jim Beeman as Vice President of U.S. Sales for the Columbia brand. Jim, previously with Nike, is expected to drive growth in the U.S. wholesale segment, a key area for the company. He has extensive experience in leading teams and managing significant wholesale partnerships.
Tim Sheerin, Senior VP of Global Wholesale, expressed confidence in Jim's leadership, while President Joe Boyle emphasized the excitement around his addition to the team.
Columbia Sportswear reported a 15% increase in net sales for Q3 2021, totaling $804.7 million, compared to Q3 2020. Operating income rose 56% to $133.5 million, representing 16.6% of net sales, while diluted earnings per share jumped 62% to $1.52. The company exited the quarter with $600.6 million in cash and short-term investments, with no debt. In 2021, $127.2 million of common stock was repurchased. A quarterly dividend of $0.26 per share was approved on October 22, 2021.
Columbia Sportswear Company (Nasdaq: COLM) has announced the promotion of Andrew Burns to Vice President of Strategic Planning and Investor Relations. Burns has been with the company for over three years and will now oversee both strategic planning and investor relations. Jim Swanson, Executive Vice President and CFO, expressed enthusiasm for Burns' leadership skills and team-oriented approach. Columbia Sportswear, established in 1938 in Portland, Oregon, is a leader in outdoor apparel and footwear with a presence in around 90 countries.
Columbia Sportswear Company (NASDAQ: COLM) is set to announce its third quarter 2021 financial results on October 28, 2021, at 4:00 p.m. ET. Following this, CFO Jim Swanson will provide a financial review at 4:15 p.m. ET, which will be accessible via the company's website. A conference call will take place at 5:00 p.m. ET for analysts and investors. Columbia Sportswear, founded in 1938, operates in approximately 90 countries and offers a range of brands including Columbia®, Mountain Hardwear®, SOREL®, and prAna®.
Columbia Sportswear (Nasdaq: COLM) announced a multi-year sponsorship with USA Curling, which includes the Men's, Women's, Junior, and Wheelchair National Teams. This partnership aims to debut new competitive uniforms on Curling Night in America starting September 19. Columbia will leverage the sponsorship to promote its product lines and performance technologies during competitions, including the 2022 Winter Olympics in Beijing. Columbia's Omni-Heat Infinity technology will be featured in the new uniforms, enhancing athletes' performance.
Columbia Sportswear Company (NASDAQ: COLM) has appointed Troy Sicotte as the new President of the Mountain Hardwear brand. Sicotte, previously the Vice President of Sales for three years, co-led the team during the transition and is expected to enhance growth for the brand. Senior Vice President Craig Zanon praised Sicotte's leadership qualities, emphasizing the smooth transition it offers. With a focus on innovative mountain sport products and global distribution, the company aims to strengthen its position in the outdoor apparel market.
Columbia Sportswear Company (NASDAQ: COLM) has appointed Monica Mirro as the new President of the prAna brand. Mirro, who has a strong background in omni-channel brand leadership from companies like Under Armour and SPANX, is expected to enhance the brand's consumer-focused approach aimed at creating clothing for positive change. Senior VP Craig Zanon expressed confidence in her ability to drive growth for prAna, highlighting her strategic discipline and people-first approach. This leadership change may positively impact prAna's market presence.
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