Columbia Sportswear Company · NASDAQ:COLM
Columbia Sportswear — Q3 2026 Earnings Presentation
21 slides from Columbia Sportswear's earnings presentation, Oct 29, 2026
Slide 1: CFO Commentary and Financial Review Third Quarter 2026
CFO COMMENTARY AND FINANCIAL REVIEW THIRD QUARTER 2026 September 30, 2026
Slide 2: Forward-Looking Statements
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 statements within the meaning of the federal securities laws regarding Co
Slide 3: References to Non-GAAP Financial Information
REFERENCES TO NON-GAAP FINANCIAL INFORMATION Since Columbia Sportswear Company is a global company, the comparability of its operating results reported in U.S. dollars is affected by foreign currency exchange rate fluctuations because the underlying currencies in which it transacts change in value o
Slide 4: We Connect Active People With Their Passions
WE CONNECT ACTIVE PEOPLE WITH THEIR PASSIONS ACCELERATE PROFITABLE GROWTH CREATE DRIVE ENHANCE AMPLIFY ICONIC PRODUCTS BRAND ENGAGEMENT CONSUMER EXPERIENCES MARKETPLACE EXCELLENCE Differentiated, Functional, Innovative Increased, Focused Demand Creation Invest in Capabilities to Delight Digitally-Le
Slide 5: Capital Allocation Priorities
CAPITAL ALLOCATION PRIORITIES OUR GOAL IS TO MAINTAIN OUR STRONG BALANCE SHEET AND DISCIPLINED APPROACH TO CAPITAL ALLOCATION. DEPENDENT UPON OUR FINANCIAL POSITION, MARKET CONDITIONS AND OUR STRATEGIC PRIORITIES, OUR CAPITAL ALLOCATION APPROACH INCLUDES: INVEST IN ORGANIC GROWTH OPPORTUNITIES TO DR
Slide 6: Q3'26 Financial Overview
Q3’26 FINANCIAL OVERVIEW Q3’26 FINANCIAL RESULTS COMPARED TO Q3’25 Q3’26 Highlights: • Net sales reflected growth in most of our international markets, partially offset by lower U.S. net sales. • Compared to guidance, net sales upside primarily reflected a portion of delayed Fall ’26 wholesale order
Slide 7: Q3'26 Actual vs Last Year
Q3’26 ACTUAL VS LAST YEAR Commentary on Q3’26 financial results vs last year: • Net sales reflected growth in most of our international markets, partially offset by lower U.S. net sales, which reflected later shipments of Fall ’26 wholesale orders, partially offset by growth in our DTC business. • G
Slide 8: Q3'26 Regional Net Sales Performance
Q3’26 REGIONAL NET SALES PERFORMANCE Commentary below is based on constant-currency performance. Q3’26 NET SALES VS. Q3’25 U.S. • Wholesale: down LSD%, reflecting a shift in shipment timing of increased Fall ’26 orders, which were proportionately less weighted to the third quarter this year vs last
Slide 9: Q3'26 Net Sales Overview
Q3’26 NET SALES OVERVIEW Q3’26 NET SALES VS. Q3’25 CATEGORY BRAND CHANNEL PERFORMANCE PERFORMANCE PERFORMANCE APPAREL, ACCESSORIES WHOLESALE: & EQUIPMENT: +1% (+1% c.c.) +3% (+3% c.c.) +2% (+3% c.c.) 0% (0% c.c.) $744M $826M $83M $637M FOOTWEAR: DTC: +5% (+5% c.c.) -1% (-1% c.c.) -17% (-16% c.c.) +5
Slide 10: Q3'26 Gross Margin Bridge
Q3’26 GROSS MARGIN BRIDGE Q3’26 GROSS MARGIN CONTRACTED 20 BPS Y/Y TO 49.8% HEADWINDS • Tariff Refund / Accommodations: reflecting accommodations to our factory partners, partially offset by the current-period benefit of IEEPA tariff refunds previously received TAILWINDS • Channel Profitability: pri
Slide 11: Q3'26 SG&A Bridge vs Last Year
Q3’26 SG&A BRIDGE VS LAST YEAR Q3’26 SG&A DECREASED $5.3 MILLION, OR 1% Q3’26 SG&A WAS 39.0% OF NET SALES COMPARED TO 40.4% IN Q3’25 PRIMARY SG&A EXPENSE DECREASES • Corporate Overhead and Other: primarily reflecting disciplined expense management • Supply Chain: reflecting disciplined expense manag
Slide 12: Balance Sheet Overview
BALANCE SHEET OVERVIEW BALANCE SHEET AS OF SEPTEMBER 30, 2026 CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS $230M Cash, cash equivalents and short-term investments totaled $229.6M, compared to $236.0M as of September 30, 2025. INVENTORY Inventories +11% y/y to $889.2M. Inventory growth primarily
Slide 13: Capital Overview
CAPITAL OVERVIEW YTD NET CASH FLOW USED IN OPERATIONS $281M Net cash flow used in operating activities was $280.5M, compared to $333.4M for the same period in 2025. YTD CAPITAL EXPENDITURES $41M Capital expenditures totaled $40.8M, compared to $46.6M for the same period in 2025. YTD SHARE REPURCHASE
Slide 14: 2026 and Preliminary H1'27 Financial Outlooks
2026 AND PRELIMINARY H1’27 FINANCIAL OUTLOOKS The Company’s 2026 and Preliminary H1’27 Financial Outlooks are forward-looking in nature, and the following forward-looking statements reflect our expectations as of October 29, 2026 and are subject to significant risks and business uncertainties, inclu
Slide 15: Assumptions
2026 AND PRELIMINARY H1’27 FINANCIAL OUTLOOKS ASSUMPTIONS Anticipated net sales growth primarily reflects: • Growth from the Columbia, SOREL and prAna brands • International growth led by Europe-direct, China and International Distributors, partially offset by a modest decline in the U.S. Net sales
Slide 16: ACCELERATE Growth Strategy
ACCELERATE GROWTH STRATEGY ACCELERATE is a growth strategy intended to elevate the Columbia brand to attract younger and more active consumers. It is a multi-year effort centered around several consumer-centric shifts to our brand, product and marketplace strategies, as well as enhanced ways of work
Slide 17: Columbia Brand Strategic Pillars
COLUMBIA BRAND STRATEGIC PILLARS As the ACCELERATE Growth Strategy evolves, the Columbia brand is sharpening its focus on 5 strategic pillars, and building credibility, relevance and style in outdoor performance and lifestyle. 03 04 05 01 02 03 04 05 OWN DOMINATE POWER FUEL OUTDOOR ACCELERATE THE TR
Slide 18: Appendix
A P P E N D I X
Slide 19: Q3'26 Constant-Currency Reconciliation
Q3’26 CONSTANT-CURRENCY RECONCILIATION
Slide 20: Nine Months Free Cash Flow Reconciliation
NINE MONTHS FREE CASH FLOW RECONCILIATION
Slide 21: Columbia
$Columbia SOREL
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