📈 Price History

Ratio Health

— Excellent

— Good

— Average

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By Category

📊 Sector Averages

About

Columbia Sportswear Company, together with its subsidiaries, engages in the design, development, marketing, and distribution of outdoor, active, and lifestyle products in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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📊 Quick Scorecard

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⭐ Superinvestors Holding COLM

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Manager	Shares	Value	% of Fund	Period
Jim Simons Renaissance Technologies LLC	118.8K	$6.5M	0.01%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Mixed → Stable 4 quarters analysed

Q2 2025

Mixed

Confidence in international growth and upcoming marketing platform, but cautious/defensive on U.S. softness and tariff uncertainty. Tim Boyle says 'I'm confident that our campaigns will be highly differentiated' but also 'uncertainty overhangs consumer sentiment' and 'we're not making any significant price changes... absorb much of the incremental tariff costs.'

Q3 2025

Mixed

Management expresses confidence in international momentum and new brand platform ('overwhelmingly positive', 'immense market share opportunities') but also acknowledges U.S. challenges ('sell-through challenges', 'soft traffic') and tariff headwinds, resulting in a balanced but cautious tone.

Q4 2025

Confident Specific

Management expressed pleasure at exceeding Q4 guidance and highlighted strong international growth, early momentum from the Accelerate strategy, and specific product successes (e.g., Amaze Puff). They also acknowledged 2025 performance fell short of personal goals, but overall tone was forward-looking and data-driven.

Q1 2026 latest

Mixed

Management expressed satisfaction with Q1 results exceeding guidance and highlighted progress under the ACCELERATE strategy, but also acknowledged a 10% U.S. sales decline, called the operating environment 'highly dynamic and uncertain', and explicitly stated 'I'm not satisfied with our overall financial performance in Q1.' They maintained full-year guidance while raising margin expectations, balancing optimism with caution.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis appears slightly stronger after this call. Management successfully navigated a challenging Q1 by beating guidance and is seeing tangible proof points from the ACCELERATE strategy, particularly in the U.S. fall order book and international momentum. The reduction in tariff headwind from 300 bps to 200 bps provides margin relief, and the fortress balance sheet ($535 million cash, no debt) offers flexibility. However, the 10% U.S. sales decline, ongoing Middle East disruption, and uncertainty around future tariffs and consumer demand keep the outlook cautious. Key metrics to watch in Q2: U.S. DTC trends, spring sell-through in wholesale, any escalation in Middle East impact, and progress on tariff refunds. Sustained order book strength and margin delivery would justify current guidance.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Mixed → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED Columbia Sportswear Q1 2026: net sales flat at $779M, international up 16%, U.S. down 10%

Revenue & Profitability

First-quarter net sales were roughly flat at $779 million. Gross margin contracted 20 basis points to 50.7%, impacted by 310 basis points of incremental unmitigated tariff costs. Diluted earnings per share exceeded the company's guidance. For full-year 2026, the company expects net sales growth of 1-3%, gross margins of 50.3%-50.5%, operating margins of 6.7%-7.5%, and diluted EPS of $3.55-$4.00. Share repurchases totaled $150 million in Q1. Cash and short-term investments were $535 million with no debt.

Outlook

Management sees improving momentum in the U.S. wholesale business, supported by a higher-than-expected fall 2026 order book, and expects U.S. wholesale to return to growth in the second half. International markets, particularly Europe and LAAP, are performing well. Key headwinds include the U.S. tariff environment (approximately 200 basis point gross margin headwind), the Middle East conflict causing order cancellations and supply chain risks, and rising oil prices putting pressure on input costs starting spring 2027.

Growth Drivers

Growth is led by international markets (up 16% constant currency in Q1), with Europe up low 20%, LAAP up 3%, and China up mid-single digit. The fall 2026 global wholesale order book is expected to drive mid-single-digit percent growth, with U.S. wholesale order book trending toward mid-single-digit percent. Key product drivers include PFG (Bahama shirt 30th anniversary, Dry Tortugas boot sales tripled), Titanium, Omni-Heat Arctic, and scaling Amaze and ROC lines. Women's and footwear categories are seeing double-digit growth.

Balance Sheet & CapEx

Not discussed in this earnings call.

Margins

Gross margin improved outlook to 50.3%-50.5% for full-year 2026 (down 20 bps to flat year-over-year), reflecting a reduced tariff headwind from 300 to 200 basis points. Q1 gross margin was 50.7%. SG&A expenses are expected to be 43.6%-44.2% of net sales, growing slower than sales. Operating margin guidance was raised to 6.7%-7.5%. The company is absorbing tariff costs rather than raising prices on fall 2025 products.

Key Risks

Management flagged several risks: the ongoing Middle East conflict is causing order cancellations and forecast reductions for certain distributor markets and poses risks to supply chains and consumer demand due to rising energy prices. The U.S. tariff situation remains uncertain, with a 10% universal tariff expiring in July and potential reversion to IEEPA-level rates. Higher oil prices are expected to pressure product input costs starting spring 2027. The company's outlook does not incorporate these risks due to high uncertainty.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-07-30

Net sales grew 2% year-over-year, led by international and e-commerce gains, while U.S. sales declined amid soft DTC traffic and higher promotions. Gross margin benefited from $78 million in tariff refunds, and full-year guidance was raised for margins and EPS. The ACCELERATE strategy is driving new customer growth and strong footwear momentum.

Q1 2026 Q1 2026 2026-04-30

Net sales and profitability exceeded guidance, with international growth offsetting U.S. declines. Gross margin contracted slightly due to tariffs, but strong order books and marketing momentum support a positive outlook, despite ongoing risks from tariffs and geopolitical events.

Q4 2025 Q4 2025 2026-02-03

Q4 2025 results exceeded guidance with strong international growth offsetting U.S. softness. Gross margin expanded despite tariff headwinds, and 2026 guidance calls for 1%-3% sales growth and operating margin improvement, with U.S. wholesale expected to rebound in the second half.

Q3 2025 Q3 2025 2025-10-30

International growth offset U.S. softness, with net sales up 1% and strong performance in Europe and China. Tariffs and higher SG&A pressured margins, but new products and marketing are driving brand momentum. Full-year sales are expected flat to down 1%.

Q2 2025 Q2 2025 2025-07-31

Second quarter net sales rose 6% year-over-year, driven by strong international growth, while U.S. sales declined amid tariff and consumer headwinds. Full-year guidance was lowered, reflecting U.S. softness, but international momentum and cost savings continue to support results.

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