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 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.
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.