Columbia Sportswear Company (COLM) is transforming with its new ACCELERATE strategy, targeting younger, active consumers. The company is advancing brand-enhancing initiatives, including innovative products.To further strengthen its position, management is focused on improving operational efficiency and safeguarding profits through a multi-year Profit Improvement Program. While these efforts are promising, the company faces external challenges, such as sluggish consumer demand, which could potentially impact ...

Columbia Sportswear Company (COLM) is making a major strategic shift, aiming to attract a younger, more active consumer base while enhancing its brand image. With its new "ACCELERATE" strategy, the company is focusing on refining its product offerings, improving consumer experiences and increasing brand visibility. Management is on track to enhance operational efficiency and protect profits through its multi-year Profit Improvement Program.Despite these efforts, the company is facing persistent challenges s ...

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_______to_______ ————————————————————— Commission file number 000-23939 ————————————————————— COLUMBIA SPORTSWEAR COMPANY (Exact name of registrant as specified in it ...

Long-only investment, evaluating companies from an operational, buy-and-hold perspective.Quipus Capital does not focus on market-driven dynamics and future price action. Instead, our articles focus on operational aspects, understanding the long-term earnings power of companies, the competitive dynamics of the industries where they participate, and buying companies that we would like to hold independently of how the price moves in the future. Most QC calls will be holds, and that is by design. Only a very sm ...

Core Insights - Columbia Sportswear Company (COLM) reported a decline in both earnings and net sales for Q3 2024, with earnings per share at $1.56, down 8.2% year-over-year, but exceeding the Zacks Consensus Estimate of $1.36. Net sales fell 5% to $931.8 million, missing the consensus mark of $947 million [1][4]. Financial Performance - The gross margin improved by 150 basis points to 50.2%, attributed to lower inbound freight costs and a favorable sales mix, despite negative impacts from foreign exchange hedging [5]. - Selling, General and Administrative (SG&A) expenses rose 2.7% to $361.2 million, with a percentage of sales increasing to 38.8%. The rise was mainly due to higher direct-to-consumer (DTC) and incentive compensation costs [6]. - Operating profit decreased 16.4% to $112.5 million, with the operating margin contracting 160 basis points to 12.1% [6]. Sales Performance by Region - In the United States, net sales dropped 10% to $571.3 million. Conversely, Europe, Middle East, and Africa (EMEA) saw a 10% increase in net sales to $141.8 million, while Latin America and Asia Pacific (LAAP) net sales rose 17% to $135 million. Canadian sales fell 21% to $83.7 million [7]. Product Category Performance - Net sales in the Apparel, Accessories, and Equipment category increased by 1% to $735.4 million, while Footwear sales declined by 23% to $196.4 million [8]. - Sales for the Columbia, SOREL, and prAna brands decreased by 1%, 39%, and 7%, respectively, while Mountain Hardwear brand sales increased by 2% [9]. Cash Flow and Capital Management - As of September 30, 2024, the company had cash and cash equivalents of $306.7 million and no debt. Inventories decreased by 10% to $798.2 million [10]. - For the first nine months of 2024, operating cash flow was $76.6 million, with capital expenditures of $41.7 million. The company anticipates operating cash flow of at least $300 million for the full year [11]. Share Repurchase and Dividends - The company repurchased 2,916,970 shares for $230.9 million in the first nine months of 2024 and announced a $600 million increase in its share repurchase authorization. A quarterly cash dividend of 30 cents per share is scheduled for December 4, 2024 [12]. Future Outlook - For 2024, Columbia Sportswear expects net sales to decline by 3-5% to a range of $3.31-$3.38 billion, with gross margin anticipated to expand by 40-90 basis points [14]. - The company projects operating income between $257-$284 million and earnings per share (EPS) in the range of $3.70-$4.05 for 2024 [15]. - For Q4 2024, net sales are expected to decline by 2% to a range of $1,040-$1,110 million, with an operating income forecast of $123-$151 million [16].

Columbia Sportswear Company (NASDAQ:COLM) Q3 2024 Earnings Conference Call October 30, 2024 5:00 PM ET Company Participants Andrew Burns - Vice President, Investor Relations & Strategic Planning Tim Boyle - Chairman, President & Chief Executive Officer Jim Swanson - Executive Vice President & Chief Financial Officer Conference Call Participants Bob Drbul - Guggenheim Laurent Vasilescu - BNP Paribas John Kernan - TD Cowen Tracy Kogan - Citigroup Alex Perry - Bank of America Mitch Kummetz - Seaport Research J ...

Columbia Sportswear (COLM) reported $931.77 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 5.5%. EPS of $1.56 for the same period compares to $1.70 a year ago.The reported revenue represents a surprise of -1.56% over the Zacks Consensus Estimate of $946.56 million. With the consensus EPS estimate being $1.36, the EPS surprise was +14.71%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations ...

Columbia Sportswear Company. CFO Commentary and Financial Review Third Quarter 2024 October 30, 2024 FORWARD-LOOKING STATEMENTS This presentation does not constitute an offer or invitation for the sale or purchase of securities and has been prepared solely for informational purposes. This presentation contains forward-looking tatements within the meaning of the federal securities laws regarding Columbia Sportswear Company's business opportunities and anticipated results of operations. Forward-looking statem ...

Core Viewpoint - Columbia Sportswear reported quarterly earnings of $1.56 per share, exceeding the Zacks Consensus Estimate of $1.36 per share, but down from $1.70 per share a year ago, indicating a 8.24% year-over-year decline in earnings [1] - The company posted revenues of $931.77 million for the quarter, missing the Zacks Consensus Estimate by 1.56% and down from $985.68 million year-over-year [2] Earnings Performance - Columbia Sportswear achieved an earnings surprise of 14.71% for the recent quarter and had a prior quarter surprise of 35.48% [1][2] - Over the last four quarters, the company has surpassed consensus EPS estimates three times [2] Stock Performance - Columbia Sportswear shares have declined approximately 4.3% since the beginning of the year, contrasting with the S&P 500's gain of 22.3% [3] - The current Zacks Rank for Columbia Sportswear is 4 (Sell), indicating expected underperformance in the near future [6] Future Outlook - The consensus EPS estimate for the upcoming quarter is $1.95 on revenues of $1.09 billion, and for the current fiscal year, it is $3.80 on revenues of $3.38 billion [7] - The estimate revisions trend for Columbia Sportswear has been unfavorable leading up to the earnings release [6] Industry Context - The Textile - Apparel industry, to which Columbia Sportswear belongs, is currently ranked in the bottom 28% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Under Armour, another company in the same industry, is expected to report a quarterly earnings decline of 20.8% year-over-year [9]