Welcome to our dedicated page for Columbia Sptswr news (Ticker: COLM), a resource for investors and traders seeking the latest updates and insights on Columbia Sptswr stock.
Columbia Sportswear Company (NASDAQ: COLM) generates a steady flow of news as a global multi-brand participant in outdoor, active and lifestyle products. This news page aggregates company announcements, press releases and market updates so readers can follow how Columbia Sportswear develops its brands, manages its operations and communicates with investors.
Recent news highlights include quarterly and annual financial results, where Columbia Sportswear discusses net sales trends, margins, regional performance and its ACCELERATE Growth Strategy. These releases often address macroeconomic factors such as tariffs and trade policy, as well as the relative strength of international markets compared to the United States.
The company also issues brand-focused news. Examples include the "Engineered for Whatever" brand platform for the Columbia flagship brand, which the company describes as a major refresh that revives its irreverent spirit, and announcements about partnerships such as serving as the official uniform sponsor for the USA Curling National Team for an upcoming Winter Olympic Games. These stories highlight product technologies like Omni-Heat and Omni-Heat Infinity and showcase how the brand presents its gear in demanding conditions.
Corporate responsibility and governance updates appear in the news flow as well. Columbia Sportswear publishes an Impact Report covering its Empowering People, Sustaining Places and Responsible Practices pillars, and it reports on leadership and succession planning steps, including changes in senior roles and board-level developments.
By reviewing the COLM news feed, investors and followers can see how Columbia Sportswear communicates its financial performance, brand initiatives, partnerships and ESG priorities over time.
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
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.
Columbia Sportswear Company (NASDAQ: COLM) plans to release its second quarter 2022 financial results on July 27, 2022 at 4:00 p.m. ET. A commentary by CFO Jim Swanson will be provided shortly after, and investors can access it via the company's website or through a conference call at 5:00 p.m. ET. Columbia, a leader in active lifestyle apparel and equipment, operates in approximately 90 countries, offering brands such as Columbia®, Mountain Hardwear®, SOREL®, and prAna®.