Columbia Sportswear — Feb 3, 2026 release

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