Columbia Sportswear — Feb 4, 2025 release

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 expenses , as a percent of net sales, are expected to be 43.4 to 44.1 percent, compared to SG&A expense as a percent of net sales of 42.9 percent in 2024. Operating margin is expected to be 7.7 to 8.3 percent, compared to operating margin of 8.0 percent in 2024. Effective income tax rate is expected to be 24.0 to 25.0 percent. Diluted earnings per share is expected to be $3.80 to $4.15, compared to $3.82 in 2024. Operating cash flow is expected to be at least $250 million. Capital expenditures are planned to be in the range of $60 to $80 million. First Half 2025 Financial Outlook • Net sales are expected to be $1,352 to $1,378 million, representing an increase of 1 percent to 3 percent from $1,340 million for the comparable period in 2024. • Operating margin is expected to be 1.5 to 2.2 percent, compared to operating margin of 1.6 percent in the comparable period in 2024. • Diluted earnings per share is expected to be $0.43 to $0.56, compared to $0.51 for the comparable period in 2024. First Quarter 2025 Financial Outlook • Net sales are expected to be $749 to $764 million, representing a decline of 3 to 1 percent from $770 million for the comparable period in 2024. • Operating margin is expected to be 5.4 to 6.0 percent, compared to operating margin of 5.8