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.
Columbia Sportswear Company (NASDAQ: COLM) announced the appointment of Christiana Smith Shi as a director and member of its Audit Committee, effective July 8, 2022. Shi, founder of Lovejoy Advisors, LLC, brings extensive direct-to-consumer experience from her previous role as President, Direct-to-Consumer at Nike. She also serves on the boards of Mondelēz International (NASDAQ: MDLZ) and United Parcel Service (NYSE: UPS). CEO Tim Boyle expressed enthusiasm about Shi's expertise, which is expected to bolster the company's direct-to-consumer initiatives.
Columbia Sportswear Company (NASDAQ: COLM) has appointed Francois Guillon as the new Senior Vice President of Omni Planning and Fulfillment. He will report to Lisa Kulok, Chief Supply Chain Officer. Guillon brings extensive leadership experience, particularly in supply chain digital transformation from his previous role at Tiffany & Co.. His appointment is intended to enhance the company's competitive edge and optimize its supply chain processes, essential for ongoing success in today's dynamic market.
Columbia Sportswear reported a significant 22% increase in net sales for Q1 2022, reaching a record $761.5 million. Operating income rose by 19% to $83.7 million, representing 11.0% of net sales. Diluted earnings per share were up 23% at $1.03, compared to $0.84 in Q1 2021. The company executed $217.3 million in stock repurchases and approved an additional $500 million for share buybacks on April 22, 2022.
Columbia Sportswear Company (COLM) announced a significant expansion at its Robards, Kentucky distribution center, investing approximately $4 million. The project will create over 175 full-time jobs, with an average pay of $24 per hour. Columbia has also received about $2.8 million in state tax benefits, contingent on meeting certain criteria. This investment is aimed at enhancing supply chain efficiencies and fostering local employment opportunities, reflecting the company's long-term commitment to the region.
Columbia Sportswear Company (NASDAQ: COLM) will announce its first quarter 2022 financial results on April 28, 2022, at approximately 4:00 p.m. ET. Following the release, CFO Jim Swanson will provide a detailed commentary at 4:15 p.m. ET, available through the company’s website and filed with the SEC. A conference call for analysts and investors is scheduled for 5:00 p.m. ET, accessible via phone or webcast. Columbia continues to lead in the global active lifestyle apparel market, with brands sold in roughly 90 countries.
Columbia Sportswear Company (NASDAQ: COLM) announced the appointment of Pri Shumate as the new Chief Marketing Officer for the Columbia brand, effective March 14, 2022. Shumate, noted for her global expertise in demand creation, will report to Joe Boyle, President of the Columbia brand. The leadership change aims to strengthen marketing efforts and drive brand growth. CEO Tim Boyle expressed confidence in Shumate's capabilities to enhance the company's outreach and inspire outdoor engagement.
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.