Columbia Sportswear Company, including its various business units, operates as a global enterprise focused on the design, procurement, promotion, and sale of ...
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Operator: Greetings. Welcome to the Columbia Sportswear second quarter 2026 financial results conference call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note this conference is being recorded. I will now turn the conference over to your host, Matt Tucker. You may begin. Matt Tucker: Good afternoon. Thanks for joining us to discuss Columbia Sportswear Company's second quarter results. In addition to the earnings release, we furnished an 8-K containing a detailed CFO commentary and financial review presentation explaining our results. This document is also available on our investor relations website, investor.columbia.com. With me today on the call are Chairman and Chief Executive Officer, Tim Boyle, Co-Presidents Joe Boyle and Peter Bragdon, Executive Vice President and Chief Financial Officer, Jim Swanson, and Executive Vice President, Chief Administrative Officer and General Counsel, Richelle Luther. This conference call will contain forward-looking statements regarding Columbia's expectations, anticipations, or beliefs about the future. These statements are expressed in good faith and are believed to have a reasonable basis. Each forward-looking statement is subject to many risks and uncertainties, and actual results may differ materially from what is projected. Many of these risks and uncertainties are described in Columbia's SEC filings. We caution that forward-looking statements are inherently less reliable than historical information. We do not undertake any duty to update any of the forward-looking statements after the date of this conference call to conform the forward-looking statements to actual results or to changes in our expectations. I'd also like to point out that during the call, we may reference certain non-GAAP financial measures, including constant currency net sales. For further information about non-GAAP financial measures and results, including reconciliation of GAAP to non-GAAP measures and an explanation of management's rationale for referencing these non-GAAP measures, please refer to the supplemental financial information section and financial tables included in our earnings release and the appendix of our CFO commentary and financial review. Following our prepared remarks, we will host a Q&A period, during which we will limit each caller to two questions so we can get to everyone by the end of the hour. Now I'll turn the call over to Tim. Tim Boyle: Thanks, Matt, and good afternoon. In the second quarter, we're pleased to have again delivered net sales growth exceeding our quarterly guidance, driven by strong growth in international markets, partly offset by continued headwinds in the U.S. Our reported earnings and profit margins include the impact of U.S. tariff refunds recognized during the quarter. Without this …
Est. EPS $1.28 · Revenue $944.46M · 5 analysts
Est. EPS $2.25 · Revenue $1.13B · 5 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| The total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). |
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Timothy Boyle | Chief Executive Officer & Chairman | USD 3,036,220 | Male | 1950 | Active |
Peter J. Bragdon | President | USD 1,156,452 |
| Male |
| 1963 |
| Active |
Jim A. Swanson | Executive Vice President & Chief Financial Officer | USD 1,122,930 | Male | 1975 | Active |
Joseph Boyle | President of Columbia Brand | USD 993,061 | Male | 1981 | Active |
Lisa A. Kulok | Executive VP & COO | USD 935,128 | Female | 1966 | Active |
Matthew Paul Tucker | Head of Investor Relations & Competitive Intelligence | — | Male | — | Active |
Richelle T. Luther | Executive Vice President, Chief Administrative Officer, General Counsel & Executive VP of Corporate Affairs | — | Female | 1970 | Active |
Andrew Shuler Burns | Director of Investor Relations & Competitive Intelligence | — | Male | — | Active |
Jana C. Humble | Senior Vice President & Chief Human Resources Officer | — | — | — | Active |
Mary Ellen Glynn | Senior Director of Corporate Communications | — | Female | — | Active |
Michael W. Blackford | Senior Vice President & Chief Product Officer for Columbia Brand | — | Male | 1969 | Active |
Est. EPS $4.56 · Revenue $3.46B · 5 analysts
Est. EPS $0.72 · Revenue $805.76M · 3 analysts
$1.20 per share
$1.20 per share
| $3.4B |
| +0.8% |
| -21.1% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $177.2M | -20.6% | -22.6% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +50.2% | +0.1% | +15.1% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +6.0% | -25.2% | +3.5% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +5.2% | -21.3% | -1.9% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $216.7M | -49.7% | +212.9% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +6.4% | -50.2% | +243.2% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 27.9% | +10.7% | -3.6% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 2.59x | -1.1% | -18.8% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $2.9B | -1.6% | +9.1% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 3.24 vs 3.18 | +2.0% | 0.52 vs -0.39 | +233.2% |
| Revenue Surprise | $3.4B vs $3.4B | +1.1% | $614.4M vs $607.0M | +1.2% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 7, 2026 | BOYLE TIMOTHY P | director, 10 percent owner, officer: Chairman and CEO | Common Stock | D | 1,756 | — |
| Aug 3, 2026 | Kulok Lisa | officer: EVP, COO | Common Stock | A | 319 | — |
| Aug 3, 2026 | Kulok Lisa | officer: EVP, COO | Common Stock | D | 115 | $58.65 |
| Aug 3, 2026 | Kulok Lisa | officer: EVP, COO | Restricted Stock Units | D | 319 | — |
| Aug 3, 2026 | Bragdon Peter J | officer: President | Common Stock | A | 464 | — |
