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Columbia Sportswear — Feb 3, 2026 release

Fiscal 2025 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001050797-26-000005
Open on SEC.gov ↗
Showing in the filing
Gross margin change
“contract 70 to 50 basis points”
Period
FY2026
Measure
GAAP-tied
Source
Prose
All guidance in this release · 19
Net sales for FY2026
“$3.43 to $3.50 billion”
Operating income for FY2026
“$211 to $243 million”
Operating margin for FY2026
“6.2 to 6.9 percent of net sales”
Diluted earnings per share for FY2026
“$3.20 to $3.65”
Quarterly cash dividend for FY2026
“$0.30 per share”
Regular quarterly cash dividend
“$0.30 per share”
Foreign currency translation for FY2026
“benefit net sales by approximately 50 to 100 basis points”
Foreign currency translation impact on net s… for FY2026
“approximately 50 to 100 basis points”
Gross margin change for FY2026
“contract 70 to 50 basis points”
Gross margin for FY2026
“49.8 to 50.0 percent of net sales”
Gross margin tariff impact for FY2026
“roughly a 300 basis point unfavorable impact”
SG&A expenses, as a percent of net sales for FY2026
“43.6 to 44.2 percent”
Effective income tax rate for FY2026
“24.0 to 25.0 percent”
Operating cash flow for FY2026
“$300 to $330 million”
Capital expenditures for FY2026
“$65 to $75 million”
Net sales for Q1 FY2026
“$747 to $759 million”
Foreign currency translation impact on net s… for Q1 FY2026
“approximately 200 basis points”
Operating margin for Q1 FY2026
“2.1 to 2.9 percent of net sales”
Diluted earnings per share for Q1 FY2026
“$0.29 to $0.37”
Exhibit 99.1 · full document
Exhibit 99.1 Columbia Sportswear Company Reports Fourth Quarter and Full Year 2025 Financial Results; Provides Full Year 2026 Financial Outlook Fourth Quarter 2025 Highlights • Net sales decreased 2 percent (3 percent on a constant-currency basis) to $1,070.2 million, compared to fourth quarter 2024. • Gross margin expanded 50 basis points to 51.6 percent of net sales from 51.1 percent of net sales in fourth quarter 2024. Fourth quarter 2025 gross margin included $20.0 million of incremental U.S. tariffs, prior to mitigation tactics. • Operating income decreased 15 percent to $116.7 million, or 10.9 percent of net sales, compared to fourth quarter 2024 operating income of $137.3 million, or 12.5 percent of net sales. • Diluted earnings per share of $1.73, compared to fourth quarter 2024 diluted earnings per share of $1.80. • Exited the quarter with $790.8 million of cash, cash equivalents and short-term investments and no borrowings. Full Year 2025 Highlights • Net sales increased 1 percent (1 percent on a constant-currency basis) to $3,397.4 million, compared to 2024. • Gross margin expanded 30 basis points to 50.5 percent of net sales from 50.2 percent of net sales, compared to 2024. 2025 gross margin included $31.0 million of incremental U.S. tariffs, prior to mitigation tactics. • Operating income decreased 23.5 percent to $207.0 million, or 6.1 percent of net sales, compared to 2024 operating income of $270.7 million, or 8.0 percent of net sales. 2025 operating income included $29.0 million of impairment charges related to prAna and Mountain Hardwear. • Diluted earnings per share of $3.24, compared to 2024 diluted earnings per share of $3.82. Impairment charges, referred to above, negatively impacted diluted earnings per share by $0.45. Full Year 2026 Financial Outlook The following forward-looking statements reflect our expectations as of February 3, 2026 and are subject to significant risks and business uncertainties, including those factors described under “Forward-Looking Statements” below. Additional disclosures and financial outlook details can be found in the Full Year 2026 Financial Outlook section below and the CFO Commentary and Financial Review presentation. • Net sales of $3.43 to $3.50 billion, representing net sales growth of 1.0 to 3.0 percent compared to 2025. • Operating income of $211 to $243 million, representing operating margin of 6.2 to 6.9 percent of net sales. • Diluted earnings per share of $3.20 to $3.65. PORTLAND, Ore. - February 3, 2026 - Columbia Sportswear Company (NASDAQ: COLM, the "Company"), a multi-brand global leading innovator in outdoor, active and lifestyle products including apparel, footwear, accessories, and equipment, today announced fourth quarter and full year 2025 financial results for the period ended December 31, 2025. 1 Chairman and Chief Executive Officer Tim Boyle commented, “We’re pleased to have delivered net sales and profitability exceeding our guidance for the fourth quarter driven by better-than-expected demand in the U.S. While our U.S. business remains challenged, I’m encouraged with continued growth internationally combined with early signs of momentum indicating that the Columbia ACCELERATE Growth Strategy is resonating with consumers, including new and enhanced product collections and differentiated marketing. “Over the past few months, we've witnessed brand momentum as consumers embraced our new product collections, with even more exciting launches on the horizon. "Engineered for Whatever" has not only re-energized our unique brand voice but has provided powerful differentiation in a competitive marketplace. “This momentum positions us well for continued success as we execute our vision and continue investing across all our brands to: • accelerate profitable growth; • create iconic products that are differentiated, functional and innovative; • drive brand engagement with increased, focused demand creation investments; • enhance consumer experiences by investing in capabilities to delight and retain consumers; • amplify marketplace excellence that is digitally-led, omni-channel, and global; and • empower talent that is driven by our core values." CFO's Commentary and Financial Review Presentation Available Online For a detailed review of the Company's fourth quarter and full year 2025 financial results, please refer to the CFO Commentary and Financial Review presentation furnished to the Securities and Exchange Commission (the "SEC") on a Current Report on Form 8-K and published on the Investor Relations section of the Company's website at http://investor.columbia.com/financial-results at approximately 4:15 p.m. ET today. Analysts and investors are encouraged to review this commentary prior to participating in our conference call. ACCELERATE Growth Strategy ACCELERATE is a growth strategy intended to elevate the Columbia brand to attract younger and more active consumers. It is a multi-year effort centered around several consumer-centric shifts to our brand, product and marketplace strategies, as well as enhanced ways of working. 2025 was an important milestone in this journey. The Columbia brand launched its new brand platform “Engineered for Whatever” through a global brand campaign in print, on social, and in-person. The Columbia brand also released certain new products designed with a younger, more active consumer in mind, and re-launched the U.S. Columbia.com website, with enhanced features and photography. We’re encouraged with early indicators, which signal that our differentiated marketing communications and enhanced products are resonating with consumers, providing us confidence as we plan for future seasons. For more information on the ACCELERATE Growth Strategy, please refer to the CFO Commentary and Financial Review presentation. Fourth Quarter 2025 Financial Results (All comparisons are between fourth quarter 2025 and fourth quarter 2024, unless otherwise noted.) Net sales decreased 2 percent (3 percent on a constant-currency basis) to $1,070.2 million from $1,096.6 million for the comparable period in 2024. The decrease primarily reflected earlier shipment of Fall '25 wholesale orders, partially offset by a modest increase in direct-to consumer ("DTC") net sales. Sales decline in the U.S. was partially offset by growth in international markets. Gross margin expanded 50 basis points to 51.6 percent of net sales from 51.1 percent of net sales for the comparable period in 2024. Gross margin expansion included healthier inventory composition resulting in less clearance and promotional activity, as well as lower inventory loss provisions, partially offset by the impact of incremental U.S. tariffs. Incremental U.S. tariffs prior to mitigation actions impacted gross margin by $20.0 million. SG&A expenses were $441.5 million, or 41.3 percent of net sales, compared to $430.6 million, or 39.3 percent of net sales, for the comparable period in 2024. The largest changes in SG&A expenses were driven by higher DTC 2 expenses and other non-recurring SG&A expenses associated with our profit improvement program, partially offset by lower enterprise technology and supply chain expenses, largely resulting from our profit improvement program. Operating income decreased 15 percent to $116.7 million, or 10.9 percent of net sales, compared to operating income of $137.3 million, or 12.5 percent of net sales, for the comparable period in 2024. Interest income, net of $3.3 million, compared to $4.8 million for the comparable period in 2024. Income tax expense of $27.2 million resulted in an effective income tax rate of 22.6 percent, compared to income tax expense of $37.3 million, or an effective income tax rate of 26.7 percent, for the comparable period in 2024. Net income was $93.2 million, or $1.73 per diluted share, compared to net income of $102.6 million, or $1.80 per diluted share, for the comparable period in 2024. Full Year 2025 Financial Results (All comparisons are between full year 2025 and full year 2024, unless otherwise noted.) Net sales increased 1 percent (1 percent on a constant-currency basis) to $3,397.4 million from $3,368.6 million in 2024. Gross margin expanded 30 basis points to 50.5 percent of net sales from 50.2 percent of net sales in 2024. Incremental U.S. tariffs prior to mitigation actions impacted gross margin by $31.0 million. SG&A expenses were $1,502.5 million, or 44.2 percent of net sales, compared to $1,443.9 million, or 42.9 percent of net sales in 2024. Impairment of goodwill and intangible assets included $29.0 million of charges related to prAna and Mountain Hardwear. Operating income decreased 24 percent to $207.0 million, or 6.1 percent of net sales, compared to operating income of $270.7 million, or 8.0 percent of net sales in 2024. Interest income, net of $17.9 million, compared to $27.7 million in 2024. Income tax expense of $52.4 million resulted in an effective income tax rate of 22.8 percent, compared to income tax expense of $74.9 million, or an effective income tax rate of 25.1 percent, in 2024. Net income decreased 21 percent to $177.2 million, or $3.24 per diluted share, compared to net income of $223.3 million, or $3.82 per diluted share, in 2024. The impairment charges related to prAna and Mountain Hardwear negatively impacted diluted earnings per share by $0.45 in 2025. Balance Sheet as of December 31, 2025 Cash, cash equivalents, and short-term investments totaled $790.8 million, compared to $815.5 million as of December 31, 2024. The Company had no borrowings as of either December 31, 2025 or December 31, 2024. Inventories were essentially flat at $689.5 million, compared to $690.5 million as of December 31, 2024. Cash Flow for the Twelve Months Ended December 31, 2025 Net cash provided by operating activities was $282.9 million, compared to $491.0 million in 2024. Capital expenditures totaled $66.2 million, compared to $59.8 million in 2024. Share Repurchases for the Twelve Months Ended December 31, 2025 The Company repurchased 2,972,889 shares of common stock for an aggregate of $201.1 million, or an average 3 price per share of $67.64. At December 31, 2025, $426.5 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 time. Quarterly Cash Dividend The Board of Directors approved a regular quarterly cash dividend of $0.30 per share, payable on March 20, 2026 to shareholders of record on March 9, 2026. Full Year 2026 Financial Outlook (Additional financial outlook details can be found in the CFO Commentary and Financial Review presentation.) The Company's 2026 Financial Outlook is forward-looking in nature, and the following forward-looking statements reflect our expectations as of February 3, 2026 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. The Company's Full Year and First Quarter 2026 Financial Outlooks, reflect U.S. tariff rates in place on February 3, 2026. Net sales are expected to increase 1.0 to 3.0 percent, resulting in net sales of $3.43 to $3.50 billion, compared to $3.40 billion in 2025. Foreign currency translation is expected to benefit net sales by approximately 50 to 100 basis points. Gross margin is expected to contract 70 to 50 basis points to 49.8 to 50.0 percent of net sales, compared to 50.5 percent of net sales in 2025. Gross margin expectations include roughly a 300 basis point unfavorable impact of incremental tariffs prior to mitigation actions. SG&A expenses , as a percent of net sales, are expected to be 43.6 to 44.2 percent, compared to SG&A expense as a percent of net sales of 44.2 percent in 2025. Operating margin is expected to be 6.2 to 6.9 percent of net sales, compared to operating margin of 6.1 percent of net sales in 2025. Effective income tax rate is expected to be 24.0 to 25.0 percent. Diluted earnings per share is expected to be $3.20 to $3.65, compared to $3.23 in 2025. Operating cash flow is expected to be $300 to $330 million. Capital expenditures are planned to be in the range of $65 to $75 million, roughly in-line with our run rate over the past several years. First Quarter 2026 Financial Outlook • Net sales are expected to be $747 to $759 million, representing a decrease of 4.0 to 2.5 percent from $778 million for the comparable period in 2025. Foreign currency translation is expected to benefit net sales by approximately 200 basis points. • Operating margin is expected to be 2.1 to 2.9 percent of net sales, compared to operating margin of 6.0 percent of net sales in the comparable period in 2025. Operating margin includes SG&A expense deleverage driven by low-single-digit percent SG&A growth on declining net sales, and gross margin contraction primarily resulting from the impact of unmitigated incremental U.S. tariffs. • Diluted earnings per share is expected to be $0.29 to $0.37, compared to $0.75 for the comparable period in 2025. 4 Conference Call The Company will hold its fourth quarter 2025 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 https://investor.columbia.com . First Quarter 2026 Reporting Date The Company plans to report first quarter 2026 financial results on Thursday, April 30, 2026 at approximately 4:05 p.m. ET. Supplemental Financial Information Since Columbia Sportswear Company is a global company, the comparability of its operating results reported in United States dollars is affected by foreign currency exchange rate fluctuations because the underlying currencies in which it transacts change in value over time compared to the United States dollar. To supplement financial information reported in accordance with GAAP, the Company discloses constant-currency net sales information, which is a non-GAAP financial measure, to provide a framework to assess how the business performed excluding the effects of changes in the exchange rates used to translate net sales generated in foreign currencies into United States dollars. The Company calculates constant-currency net sales by translating net sales in foreign currencies for the current period into United States dollars at the average exchange rates that were in effect during the comparable period of the prior year. Management believes that this non-GAAP financial measure reflects an additional and useful way of viewing an aspect of our operations that, when viewed in conjunction with our GAAP results, provides a more comprehensive understanding of our business and operations. In particular, investors may find the non-GAAP financial measure useful by reviewing our net sales results without the volatility in foreign currency exchange rates. This non-GAAP financial measure also facilitates management's internal comparisons to our historical net sales results and comparisons to competitors' net sales results. The non-GAAP financial measures should be viewed in addition to, and not in lieu of or superior to, our financial measures calculated in accordance with GAAP. The Company provides a reconciliation of non-GAAP measures to the most directly comparable financial measure calculated in accordance with GAAP. See the "Reconciliation of GAAP to Non-GAAP Financial Measures" table included herein. The non-GAAP financial measures presented may not be comparable to similarly titled measures reported by other companies. Forward-Looking Statements This document contains forward-looking statements within the meaning of the federal securities laws, including statements regarding the Company’s expectations, anticipations or beliefs about the Company's ability to realize growth opportunities, drive long-term market share gains and manage expenses, financial position, marketing strategies, anticipated product launches, timing and payment of dividends, and the Company’s expectations regarding its financial results for full year 2026 net sales, gross margin, SG&A expenses, operating margin, effective income tax rate, diluted earnings per share, operating cash flow, and capital expenditures, as well as first quarter 2026 net sales, operating margin, and diluted earnings per share. Forward-looking statements often use words such as "will," "anticipate," "estimate," "expect," "should," "may," "plan", "intend", and other words and terms of similar meaning or reference future dates. The Company's expectations, beliefs and projections are expressed in good faith and are believed to have a reasonable basis; however, each forward-looking statement involves a number of risks and uncertainties, including those set forth in this document, those described in the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q under the heading "Risk Factors," and those that have been or may be described in other reports filed by the Company, including reports on Form 8-K. Potential risks and uncertainties that may affect our future revenues, earnings and performance and could cause the actual results of operations or financial condition of the Company to differ materially from the anticipated results expressed or implied by forward-looking statements in this document include: loss of key customer accounts; our ability to execute our ACCELERATE Growth Strategy; our ability to execute and realize cost savings related to our Profit Improvement Plan; our ability to effectively execute our business strategies, including initiatives to upgrade our business processes and information technology (“IT”) systems and investments in our DTC businesses; our ability to maintain the strength and security of our IT systems; the effects of unseasonable weather, including global climate change; the seasonality of our business and timing of orders; trends affecting consumer spending, including changes in the level of consumer spending, and retail traffic patterns; unfavorable economic conditions generally; the financial health of our customers and retailer consolidation; higher than expected rates of order cancellations; changes affecting consumer demand and preferences and fashion trends; changes in international, federal or state tax, labor and other laws and regulations that affect our business, including changes in corporate tax rates, tariffs, 5 international trade policy and geopolitical tensions, or increasing wage rates; our ability to attract and retain key personnel; risks inherent in doing business in foreign markets, including fluctuations in currency exchange rates, global credit market conditions, changes in global regulation and economic and political conditions and disease outbreaks; volatility in global production and transportation costs and capacity and timing; our ability to effectively manage our inventory and our wholesale customer’s to manage their inventories; our dependence on third-party manufacturers and suppliers and our ability to source at competitive prices from them or at all; the effectiveness of our sales and marketing efforts; business disruptions and acts of terrorism, cyber-attacks or military activities around the globe; intense competition in the industry; our ability to establish and protect our intellectual property; and our ability to develop innovative products. The Company cautions that forward-looking statements are inherently less reliable than historical information. The Company does not undertake any duty to update any of the forward-looking statements after the date of this document to conform them to actual results or to reflect changes in events, circumstances or its expectations. New factors emerge from time to time and it is not possible for the Company to predict or assess the effects of all such factors or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. About Columbia Sportswear Company Columbia Sportswear Company connects active people with their passions and is a global multi-brand leading innovator in outdoor, active and lifestyle products including apparel, footwear, accessories, and equipment. Founded in 1938 in Portland, Oregon, the Company's brands are sold in 115 countries. In addition to the Columbia® brand, Columbia Sportswear Company also owns the Mountain Hard Wear®, SOREL® and prAna® brands. To learn more, please visit the Company's websites at www.columbia.com , www.mountainhardwear.com , www.sorel.com , and www.prana.com . Contact: Reed Anderson ICR (646) 277-1260 investorrelations@columbia.com - Financial tables follow - 6 COLUMBIA SPORTSWEAR COMPANY CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) As of December 31, (in thousands) 2025 2024 ASSETS Current assets: Cash and cash equivalents $ 442,028  $ 531,869  Short-term investments 348,766  283,608  Accounts receivable, net 403,168  417,539  Inventories 689,456  690,515  Prepaid expenses and other current assets 89,080  85,051  Total current assets 1,972,498  2,008,582  Property, plant and equipment, net 279,131  282,908  Operating lease right-of-use assets 425,492  399,669  Intangible assets, net 71,221  79,221  Goodwill 5,694  26,694  Deferred income taxes 108,127  104,203  Other non-current assets 66,330  73,988  Total assets $ 2,928,493  $ 2,975,265  LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 385,599  $ 385,695  Accrued liabilities 278,421  273,330  Operating lease liabilities 88,501  75,857  Income taxes payable 8,293  31,663  Total current liabilities 760,814  766,545  Non-current operating lease liabilities 389,188  373,328  Income taxes payable 15,076  13,176  Deferred income taxes 1,033  310  Other long-term liabilities 52,239  41,867  Total liabilities 1,218,350  1,195,226  Total shareholders' equity 1,710,143  1,780,039  Total liabilities and shareholders' equity $ 2,928,493  $ 2,975,265  7 COLUMBIA SPORTSWEAR COMPANY CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) Three Months Ended December 31, Twelve Months Ended December 31, (In thousands, except per share amounts) 2025 2024 2025 2024 Net sales $ 1,070,228  $ 1,096,587  $ 3,397,351  $ 3,368,582  Cost of sales 518,489  536,039  1,680,629  1,677,497  Gross profit 551,739  560,548  1,716,722  1,691,085  Gross margin 51.6  % 51.1  % 50.5  % 50.2  % Selling, general and administrative expenses 441,515  430,645  1,502,506  1,443,906  Impairment of goodwill and intangible assets —  —  29,000  —  Net licensing income 6,512  7,418  21,823  23,562  Operating income 116,736  137,321  207,039  270,741  Interest income, net 3,342  4,797  17,867  27,703  Other non-operating income (expense), net 271  (2,287) 4,718  (257) Income before income tax 120,349  139,831  229,624  298,187  Income tax expense 27,182  37,274  52,400  74,914  Net income $ 93,167  $ 102,557  $ 177,224  $ 223,273  Earnings per share: Basic $ 1.74  $ 1.81  $ 3.24  $ 3.83  Diluted $ 1.73  $ 1.80  $ 3.24  $ 3.82  Weighted average shares outstanding: Basic 53,687 56,656 54,678 58,333 Diluted 53,720 56,890 54,762 58,502 8 COLUMBIA SPORTSWEAR COMPANY CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) Year Ended December 31, (in thousands) 2025 2024 Cash flows from operating activities: Net income $ 177,224  $ 223,273  Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 56,835  55,944  Non-cash lease expense 86,346  77,378  Provision for uncollectible accounts receivable 1,666  2,555  Deferred income taxes 422  (6,204) Share-based compensation 24,238  24,777  Loss on impairment of goodwill, intangible assets, and property, plant and equipment 39,112  2,679  Other, net (6,193) (13,681) Changes in operating assets and liabilities: Accounts receivable 23,021  (11,803) Inventories 12,231  39,131  Prepaid expenses and other current assets (17,818) 6,792  Other assets (1,988) (710) Accounts payable (409) 155,176  Accrued liabilities (10,482) 8,815  Income taxes payable (21,487) 1,991  Operating lease assets and liabilities (84,864) (78,627) Other liabilities 5,049  3,556  Net cash provided by operating activities 282,903  491,042  Cash flows from investing activities: Purchases of short-term investments (606,845) (669,093) Sales and maturities of short-term investments 552,288  816,232  Capital expenditures (66,166) (59,805) Net cash provided by (used in) investing activities (120,723) 87,334  Cash flows from financing activities: Proceeds from issuance of common stock related to share-based compensation 5,544  6,120  Tax payments related to share-based compensation (6,033) (4,871) Repurchase of common stock (201,096) (317,756) Cash dividends paid (65,530) (69,732) Net cash used in financing activities (267,115) (386,239) Net effect of exchange rate changes on cash 15,094  (10,587) Net increase (decrease) in cash and cash equivalents (89,841) 181,550  Cash and cash equivalents, beginning of period 531,869  350,319  Cash and cash equivalents, end of period $ 442,028  $ 531,869  Supplemental disclosures of cash flow information: Cash paid during the period for income taxes $ 86,394  $ 76,104  Supplemental disclosures of non-cash investing and financing activities: Property, plant and equipment acquired through increase in liabilities $ 8,274  $ 10,735  9 COLUMBIA SPORTSWEAR COMPANY Reconciliation of GAAP to Non-GAAP Financial Measures Net Sales Growth - Constant-currency Basis (Unaudited) Three Months Ended December 31, Reported Net Sales Adjust for Foreign Currency Constant-currency Net Sales Reported Net Sales Reported Net Sales Constant-currency Net Sales (In thousands, except percentage changes) 2025 Translation 2025 (1) 2024 % Change % Change (1) Geographical net sales: United States $ 626,045  $ —  $ 626,045  $ 682,287  (8)% (8)% Latin America and Asia Pacific 203,248  3,514  206,762  187,591  8% 10% Europe, Middle East and Africa 174,417  (7,766) 166,651  161,551  8% 3% Canada 66,518  909  67,427  65,158  2% 3%   Total $ 1,070,228  $ (3,343) $ 1,066,885  $ 1,096,587  (2)% (3)% Brand net sales: Columbia $ 937,176  $ (3,012) $ 934,164  $ 945,446  (1)% (1)% SOREL 79,705  (434) 79,271  97,669  (18)% (19)% prAna 23,770  2  23,772  22,427  6% 6% Mountain Hardwear 29,577  101  29,678  31,045  (5)% (4)%   Total $ 1,070,228  $ (3,343) $ 1,066,885  $ 1,096,587  (2)% (3)% Product category net sales: Apparel, accessories and equipment $ 854,953  $ (2,320) $ 852,633  $ 868,823  (2)% (2)% Footwear 215,275  (1,023) 214,252  227,764  (5)% (6)%   Total $ 1,070,228  $ (3,343) $ 1,066,885  $ 1,096,587  (2)% (3)% Channel net sales: Wholesale $ 429,396  $ (2,022) $ 427,374  $ 459,859  (7)% (7)% DTC 640,832  (1,321) 639,511  636,728  1% —%   Total $ 1,070,228  $ (3,343) $ 1,066,885  $ 1,096,587  (2)% (3)% (1) Constant-currency net sales is a non-GAAP financial measure. See “Supplemental Financial Information” above for further information. 10 COLUMBIA SPORTSWEAR COMPANY Reconciliation of GAAP to Non-GAAP Financial Measures Net Sales Growth - Constant-currency Basis (Unaudited) Twelve Months Ended December 31, Reported Net Sales Adjust for Foreign Currency Constant-currency Net Sales Reported Net Sales Reported Net Sales Constant-currency Net Sales (In thousands, except percentage changes) 2025 Translation 2025 (1) 2024 % Change % Change (1) Geographical net sales: United States $ 1,979,033  $ —  $ 1,979,033  $ 2,068,228  (4)% (4)% Latin America and Asia Pacific 611,149  7,012  618,161  560,706  9% 10% Europe, Middle East and Africa 576,920  (14,418) 562,502  511,778  13% 10% Canada 230,249  5,797  236,046  227,870  1% 4%   Total $ 3,397,351  $ (1,609) $ 3,395,742  $ 3,368,582  1% 1% Brand net sales: Columbia $ 2,972,615  $ (1,417) $ 2,971,198  $ 2,917,678  2% 2% SOREL 221,700  (559) 221,141  238,266  (7)% (7)% prAna 102,796  14  102,810  104,087  (1)% (1)% Mountain Hardwear 100,240  353  100,593  108,551  (8)% (7)%   Total $ 3,397,351  $ (1,609) $ 3,395,742  $ 3,368,582  1% 1% Product category net sales: Apparel, accessories and equipment $ 2,712,390  $ 364  $ 2,712,754  $ 2,687,174  1% 1% Footwear 684,961  (1,973) 682,988  681,408  1% —%   Total $ 3,397,351  $ (1,609) $ 3,395,742  $ 3,368,582  1% 1% Channel net sales: Wholesale $ 1,780,554  $ (3,461) $ 1,777,093  $ 1,734,358  3% 2% DTC 1,616,797  1,852  1,618,649  1,634,224  (1)% (1)%   Total $ 3,397,351  $ (1,609) $ 3,395,742  $ 3,368,582  1% 1% (1) Constant-currency net sales is a non-GAAP financial measure. See “Supplemental Financial Information” above for further information. 11
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.