Columbia Sptswr Stock Price, News & Analysis

Fourth Quarter 2022 Highlights: Net sales rose 4% (8% constant-currency) to a record $1,169.6 million. However, operating income fell 27% to $155.4 million, impacted by $35.6 million in impairment charges for prAna. Diluted EPS decreased 15% to $2.02, with impairment charges lowering it by $0.43. Full Year 2022: Net sales increased 11% (14% constant-currency) to $3,464.2 million, while operating income decreased 13% to $393.1 million. Diluted EPS declined 7% to $4.95. The company ended the year with $431 million in cash, no debt, and repurchased $286.9 million in stock.

Columbia Sportswear Company (Nasdaq: COLM) will release its fourth quarter 2022 financial results on February 2, 2023, at approximately 4:00 p.m. ET. A commentary from CFO Jim Swanson following the results will be available via Form 8-K shortly after the results are published. Senior management will host a conference call at 5:00 p.m. ET, accessible by dialing 888-506-0062 or via webcast. Columbia Sportswear, founded in 1938 in Portland, Oregon, is a leader in outdoor and lifestyle products sold in around 90 countries.

Columbia Sportswear reported a 19% increase in net sales, reaching a record $955.0 million in Q3 2022. This growth reflects a 22% increase in constant currency. Operating income rose by 9% to $145.3 million, constituting 15.2% of net sales, compared to 16.6% in Q3 2021. Additionally, diluted earnings per share increased by 18% to $1.80, up from $1.52 the previous year. Overall, Columbia Sportswear continues to show strong financial performance amidst challenging market conditions.

Columbia Sportswear Company (NASDAQ: COLM) announced that its SOREL brand will move into a new headquarters in early 2023. This expansion supports SOREL's rapid revenue growth and aims to attract top talent. Mark Nenow, President of SOREL, emphasized the brand’s focus on innovative footwear for consumers. The new headquarters reflects SOREL's dynamic growth strategy and commitment to enhancing product development. Columbia Sportswear, founded in 1938, is a leader in outdoor apparel and footwear, with its brands sold in approximately 90 countries.

Columbia Sportswear Company (NASDAQ: COLM) will release its third quarter 2022 financial results on October 27, 2022, at 4:00 p.m. ET. Following this, CFO Jim Swanson will provide a commentary on the results at 4:15 p.m. ET, which will be available on the company's website and filed with the SEC. A conference call for analysts and investors will take place at 5:00 p.m. ET. Columbia Sportswear, founded in 1938 and based in Portland, Oregon, leads in active lifestyle apparel, selling brands in around 90 countries.

Columbia Sportswear Company (NASDAQ: COLM) presented a 3-year growth framework for 2022-2025, aiming for $4.5 to $4.7 billion in net sales by 2025, reflecting a 9 to 11 percent CAGR. The company anticipates an operating margin of around 14 percent and diluted earnings per share between $7.35 and $7.95. 2022 net sales are reaffirmed at $3.44 to $3.50 billion, with earnings per share projected between $5.00 and $5.40. The strategy emphasizes footwear, international growth, and digital sales.

Columbia Sportswear Company (NASDAQ: COLM) is set to host its Investor Day on September 22, 2022, at its Portland headquarters. The event, which is invite-only, will feature key presentations from Chairman and CEO Tim Boyle alongside other leaders discussing brand innovations and future strategies for Columbia, SOREL, Mountain Hardwear, and prAna. Interested parties can inquire about invitations via email. The presentations will also be streamed live on the company's Investor Relations website from 8:00 a.m. PT to 11:30 a.m. PT, with a replay available afterward.

In the latest financial update, net sales reached a record $578.1 million, marking a 2% increase from Q2 2021. However, operating income fell sharply by 75% to $8.8 million, representing only 1.5% of net sales, compared to 6.2%% in the same quarter last year. Diluted earnings per share decreased by 82% to $0.11. On a positive note, the company repurchased $69.6 million in common stock during Q2 and $286.9 million in total for the first half of 2022.

Columbia Sportswear Company (NASDAQ: COLM) released its 2021 Environmental, Social, and Governance (ESG) Report, showcasing progress in its corporate responsibility strategy despite pandemic challenges. The company achieved its best year historically while focusing on sustainable practices. Key highlights include finalizing a Carbon Leadership Project for emission reductions, establishing an Employee Resource Group for Asian & Pacific Islander employees, and building two new water towers for clean water access. Columbia aims for a 30% reduction in manufacturing emissions by 2030 based on 2019 levels.