Columbia Sportswear — Oct 30, 2024 release

Foreign Currency • Foreign currency translation is expected to have a modestly unfavorable impact on full year net sales.  • Foreign currency is expected to have an approximately $0.01 negative impact on diluted earnings per share (prior $0.07) due to negative foreign currency transactional effects from hedging of inventory production, partially offset by favorable foreign currency translation impacts.  Cash Flows Operating cash flow is expected to be at least $300 million (prior $350 million). Capital expenditures are planned to be in the range of $60 to $70 million (prior $60 to $80 million). Fourth Quarter 2024 Financial Outlook • Net sales are expected to be $1,040 to $1,110 million, representing a decline of 2 percent to growth of 5 percent from $1,060 million for the comparable period in 2023. • Operating income is expected to be $123 to $151 million, resulting in operating margin of 11.8 to 13.6 percent, compared to operating margin of 10.7 percent in the comparable period in 2023. • Diluted earnings per share is expected to be $1.68 to $2.03, compared to $1.55 for the comparable period in 2023. Preliminary First Half 2025 Commentary • Based on our Spring ‘25 orderbook, we are forecasting mid-single-digit percent growth in global wholesale net sales in first half 2025. • This reflects growth across all regions, and in the Columbia, prAna and Mountain Hardwear brands. Conference Call The Company will hold its third quarter 2024 conference call at 5:00 p.m. ET today. Dial (888) 506-0062 to participate. The call will also be webcast live on the Investor Relations section of the Company's website at http://investor.columbia.com . Fourth Quarter 2