Columbia Sportswear — Feb 4, 2025 release

At December 31, 2024, $627.6 million remained available under our stock repurchase authorization, which does not obligate the Company to acquire any specific number of shares or to acquire shares over any specified period of 3 time. Quarterly Cash Dividend The Board of Directors approved a regular quarterly cash dividend of $0.30 per share, payable on March 21, 2025 to shareholders of record on March 10, 2025. Full Year 2025 Financial Outlook (Additional financial outlook details can be found in the CFO Commentary and Financial Review presentation.) The Company's 2025 Financial Outlook is forward-looking in nature, and the following forward-looking statements reflect our expectations as of February 4, 2025 and are subject to significant risks and business uncertainties, including those factors described under “Forward-Looking Statements” below. These risks and uncertainties limit our ability to accurately forecast results. This outlook and commentary does not include any potential impacts on the Company as a result of the recent U.S. administration change, other than the direct costs of tariff actions announced on February 1, 2025, or actions we may undertake as we review our cost structure and look to expand the Profit Improvement Plan. Net sales are expected to increase 1.0 to 3.0 percent, resulting in net sales of $3.40 to $3.47 billion, compared to $3.37 billion in 2024. Gross margin is expected to expand 80 basis points to approximately 51 percent of net sales from 50.2 percent of net sales in 2024. SG&A expens