Columbia Sptswr - COLM STOCK NEWS

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.

Columbia Sportswear (NASDAQ: COLM) launches Omni-Heat™ Infinity, an advanced thermal-reflective technology designed to optimize warmth and breathability. This innovative insulation features a gold metallic lining inspired by NASA technology, debuting this fall across over 80 styles of jackets, boots, and accessories. To promote this launch, Columbia will initiate a significant advertising campaign and a national sweepstakes for a lifetime supply of jackets, starting October 1, as outdoor participation rises. This marks Columbia's largest marketing campaign in its 83-year history.

Columbia Sportswear Company (Nasdaq: COLM) announces the resignation of Franco Fogliato, Executive VP of Global Omni-Channel, effective September 3, 2021. Tim Boyle, CEO, acknowledges Fogliato's significant contributions, noting his role in achieving $3 billion in net sales in 2019 and his deep understanding of market dynamics, which has been vital to the company's recent success. Columbia, founded in 1938, leads in outdoor and active apparel across approximately 90 countries with brands including Columbia, Mountain Hard Wear, SOREL, and prAna.

Columbia Sportswear Company (NASDAQ: COLM) reported strong second quarter 2021 results, with net sales soaring 79% to $566.4 million, driven by robust U.S. wholesale and direct-to-consumer sales. Gross margin expanded to 51.6%, reflecting improved sales and reduced inventory provisions. Net income reached $40.7 million, or $0.61 per diluted share, reversing a loss from the prior year. The company raised its 2021 financial outlook despite challenges from supply chain disruptions and rising ocean freight costs, highlighting a strong balance sheet with $821 million in cash.

Columbia Sportswear Company (NASDAQ: COLM) has released its 2020 Corporate Responsibility Report, showcasing progress in its core areas: empowering people, sustaining places, and responsible practices. Key highlights include a 30% reduction target in manufacturing emissions by 2030, nearly $1.9 million in charitable donations, and building 22 water towers providing clean drinking water to thousands. Columbia also emphasizes its commitment to diversity and sustainability amidst COVID-19 challenges.

Columbia Sportswear Company (Nasdaq: COLM) is set to announce its second quarter 2021 financial results on August 2, 2021, at 4:00 p.m. ET. Jim Swanson, CFO, will review these results shortly after at 4:15 p.m. ET, with details shared via Form 8-K and on the company’s website. A conference call for analysts and investors is scheduled for 5:00 p.m. ET, available by phone or live webcast. Columbia Sportswear, founded in 1938, leads the active lifestyle apparel and equipment sector, selling brands in approximately 90 countries.

Columbia Sportswear Company (NASDAQ: COLM) reported strong first quarter 2021 results, with net sales rising 10% to $625.6 million. Direct-to-consumer e-commerce grew 35%, driving momentum in overall sales. Gross margin expanded to 51.4%, aided by lower promotional levels and improved inventory management. Operating income surged to $70.5 million compared to a loss the previous year. The company's balance sheet remains robust, with $875 million in cash and no debt. A quarterly dividend of $0.26 per share was approved, and full year outlook has been raised based on current performance.

Columbia Sportswear Company (Nasdaq: COLM) has appointed Emily Rompala as Senior Vice President, Omni-Planning & Fulfillment Operations. In this new role, she will lead the Global Omni-Planning Team and oversee fulfillment operations globally, reporting to Lisa Kulok, Chief Supply Chain Officer. Rompala brings extensive experience from the apparel industry and aims to enhance Columbia's operational capabilities.

Columbia Sportswear is a leading brand in active lifestyle apparel, with a presence in approximately 90 countries and ownership of several other brands.