Columbia Sptswr Stock Price, News & Analysis

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.

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.