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Columbia Sportswear Company Reports Third Quarter 2026 Financial Results; Updates Full Year 2026 Financial Outlook

COLM
  • Columbia Sportswear Company reported third quarter 2026 net sales of $962.6 million, a 2 percent increase from $943.4 million in the same period in 2025.
  • Operating income for the quarter reached $109.6 million, or 11.4 percent of net sales, compared to $67.4 million in 2025 which included $29.0 million in impairment charges for prAna & Mountain Hardwear.
  • Diluted earnings per share were $1.66 for the quarter, up from $0.95 in 2025, with prior-year results negatively impacted by $0.46 per share in impairment charges.
  • The company exited the quarter with $229.6 million in cash, cash equivalents, & short-term investments, holding no borrowings.
  • Full year 2026 net sales guidance was raised to $3.46–$3.50 billion, reflecting a 2.0 to 3.0 percent growth rate compared to 2025.
  • Full year 2026 diluted earnings per share guidance was raised to $4.65–$4.90, up from the prior range of $4.45–$4.90.
  • Gross margin for the full year 2026 is expected to be between 52.1 percent & 52.3 percent, supported by IEEPA tariff refunds.
  • Fourth quarter 2026 net sales are projected to be $1.108–$1.145 billion, representing 3.5 to 7.0 percent growth over the prior year.
  • First nine months 2026 net sales increased 1 percent to $2.356 billion, while gross margin expanded 220 basis points to 52.3 percent due to tariff refunds.
  • Inventories rose 11 percent to $889.2 million as of September 30, 2026, driven by higher in-transit inventory from delayed Fall 2026 receipts & earlier Spring 2027 production.
  • The company repurchased 3,342,569 shares for $200.0 million in the first nine months of 2026, leaving $226.5 million available under the stock repurchase authorization.
  • The Board of Directors approved a quarterly cash dividend of $0.30 per share, payable on December 3, 2026 to shareholders of record on November 19, 2026.
  • The ACCELERATE Growth Strategy is gaining traction, with notable momentum in the Columbia brand U.S. DTC E-Commerce business & international markets.
  • Operating cash flow for the nine months ended September 30, 2026, was $280.5 million used, compared to $333.4 million used in the prior year.
  • Capital expenditures totaled $40.8 million for the nine months ended September 30, 2026, compared to $46.6 million in the prior year.