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 ...

Columbia Sportswear Company (COLM) posted third-quarter 2024 results, wherein the top and bottom lines deteriorated year over year. Earnings surpassed the Zacks Consensus Estimate but net sales missed the consensus mark. The weak sales performance resulted from reduced wholesale net sales and soft consumer demand in the United States. This was somewhat led by warm weather and outdoor category headwinds.The company has introduced the ACCELERATE Growth Strategy, which intends elevate its Columbia label and cu ...

财务数据和关键指标变化 - 第三季度净销售额为9.32亿美元，同比下降5%，处于指导范围的低端 [10][26] - 尽管销售额下降，但由于毛利率改善和费用管理得当，稀释每股收益超出预期 [10][11] - 公司现金和短期投资超过3.7亿美元，无债务，预计全年运营现金流超过3亿美元 [11][12] 各条业务线数据和关键指标变化 - 全球批发净销售额下降9%，部分被2%的直接面向消费者（DTC）增长所抵消 [26] - 美国净销售额下降10%，主要由于批发销售中低十位数的下降 [27] - DTC净销售额相对持平，实体店销售增长中位数，电商销售下降高十位数 [28][29] 各个市场数据和关键指标变化 - 拉丁美洲和亚太地区净销售额增长18%，中国净销售额增长低20% [30] - 日本净销售额增长双位数，韩国净销售额增长中位数 [33] - 欧洲、中东和非洲地区净销售额增长10%，其中欧洲直接销售增长低个位数 [34] 公司战略和发展方向和行业竞争 - 公司推出名为“ACCELERATE”的新增长战略，旨在吸引年轻和更活跃的消费者 [14][15] - 该战略包括加强消费者细分、提升品牌认知、创新产品和提升市场地位 [15][20][21] - 公司计划在美国市场上与最佳零售合作伙伴共同投资，以提升品牌和产品的市场表现 [21][22] 管理层对经营环境和未来前景的评论 - 管理层对未来销售持谨慎态度，预计在寒冷天气到来之前，销售将有所改善 [13][44] - 由于外部风险和不确定性，预计2024年净销售额将下降3%至5% [44] - 管理层对品牌的长期增长潜力持乐观态度，认为有能力实现快速增长 [47][48] 其他重要信息 - 公司在第三季度的股权回购总额达到2.31亿美元，董事会批准了新的6亿美元回购授权 [12] - 公司在中国的电商业务持续增长，成功举办了多项品牌活动 [31][32] 问答环节所有的提问和回答 问题: 关于ACCELERATE增长战略 - 管理层认为年轻消费者已经在品牌中，只需增加他们的参与度 [50] - 计划通过新的市场领导和创意代理商来吸引这些消费者 [51][52] 问题: 关于2025年上半年的批发增长 - 预计2025年上半年批发销售将增长中位数，所有地区都有改善 [58][59] - 价格保持稳定，主要依赖于库存补充 [60] 问题: 关于毛利率和成本节约计划 - 管理层计划在ACCELERATE计划下提高市场营销支出，同时保持成本管理的纪律性 [62][63] - 预计2024年将实现约9000万美元的成本节约 [63] 问题: 关于户外行业的需求 - 管理层认为户外服装市场仍然强劲，消费者对户外服装的需求持续增长 [111] 问题: 关于中国关税的影响 - 公司在中国的商品来源比例较小，管理层对关税的影响持谨慎态度 [87][89]

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 ...

业绩总结 - 第三季度2024年净销售额为9.318亿美元，同比下降5%[14] - 第三季度2024年毛利率为50.2%，较去年同期上升150个基点[10] - 第三季度2024年运营利润为1.125亿美元，同比下降16%[14] - 第三季度2024年净收入为9020万美元，同比下降13%[14] - 每股摊薄收益为1.56美元，同比下降8%[11] - 第三季度2024年库存同比减少10%[11] - 第三季度2024年SG&A费用占净销售的38.8%，较去年同期的35.7%上升310个基点[14] - 第三季度2024年资本支出为4170万美元，较去年同期的4140万美元略有增加[24] 现金流与资产 - 公司在第三季度末现金、现金等价物和短期投资总额为3.739亿美元，较去年同期的2.148亿美元有所增加[23] 未来展望 - 预计2023年净销售额为33.1亿至33.8亿美元，较之前预期的33.5亿至34.2亿美元有所下调，下降幅度为5.0%至3.0%[27] - 预计2023年毛利率为42.8%至43.0%，较之前的50.0%至50.2%有所下降，预计将导致220个基点至240个基点的杠杆效应[27] - 预计2023年运营收入为2.57亿至2.84亿美元，较之前的2.56亿至2.88亿美元有所下调，下降幅度为17%至8%[27] - 预计2023年净收入为2.17亿至2.38亿美元，较之前的2.15亿至2.39亿美元有所下调，下降幅度为14%至5%[27] - 预计2024年有效税率为24.0%至25.0%[31] - 预计2024年运营现金流至少为3亿美元，较之前的3.5亿美元有所下调[39] - 预计2024年资本支出计划在6000万至7000万美元之间，较之前的6000万至8000万美元有所下调[41] - 预计2024年净销售额为10.4亿至11.1亿美元，较2023年下降约2%至增长约5%[43] - 预计2024年运营收入为1.23亿至1.51亿美元，占净销售额的11.8%至13.6%[45] - 预计2024年稀释每股收益为1.68至2.03美元，较2023年1.55美元有所增长[46]

Columbia Sportswear (COLM) came out with quarterly earnings of $1.56 per share, beating the Zacks Consensus Estimate of $1.36 per share. This compares to earnings of $1.70 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 14.71%. A quarter ago, it was expected that this maker of outdoor gear would post a loss of $0.31 per share when it actually produced a loss of $0.20, delivering a surprise of 35.48%. Over the last four quarte ...

Exhibit 99.1 Columbia Sportswear Company Reports Third Quarter 2024 Financial Results; Updates Full Year 2024 Financial Outlook Third Quarter 2024 Highlights • Net sales decreased 5 percent (5 percent constant-currency) to $931.8 million, compared to third quarter 2023. • Operating income was $112.5 million, or 12.1 percent of net sales, compared to third quarter 2023 operating income of $134.6 million, or 13.7 percent of net sales. • Diluted earnings per share of $1.56, compared to third quarter 2023 dilut ...

Columbia Sportswear Company (COLM) is gearing up to unveil its third-quarter 2024 earnings on Oct. 30, after market close. Investors are closely monitoring for insights into its performance.The Zacks Consensus Estimate for third-quarter revenues is pegged at $946.6 million, which indicates nearly 4% decline from the year-ago period.The consensus mark for the bottom line has deteriorated a penny in the past seven days to $1.36. This indicates a 20% decline from the year-ago quarter’s earnings of $1.70 per sh ...

Columbia Sportswear Company (COLM) is well-positioned for growth and profitability, owing to its strategic focus on key priorities such as accelerating profits, developing iconic and innovative products, boosting brand engagement and enhancing digital capabilities. Despite facing a challenging operating environment in the United States, characterized by slow consumer demand and cautious retailers, the company is set to improve operational efficiency and safeguard profits through its multi-year Profit Improv ...