World Footwear


Columbia Sportswear outlines 3-year growth targets

Sep 26, 2022 United States
Columbia Sportswear outlines 3-year growth targets
The US-based company is expecting to reach net sales of 4.5 billion US dollars to 4.7 billion US dollars by 2025, reflecting a three-year compound annual rate of growth (CAGR) of 9% to 11%
Columbia is also anticipating its operating margin to widen to approximately 14% of net sales by that period, and diluted earnings per share are expected to grow at a three-year CAGR of 12%  to 15%, as compared to the midpoint of 2022, reaching between 7.35 US dollars and 7.95 US dollars in 2025.  

The company, which owns the Columbia brand, Sorel, Mountain Hardwear and prAna, also reported to investors and analysts that it is targeting an Annual Total Shareholder Return (TSR) of 13% to 17%, inclusive of net sales growth, and margin expansion.

"Our 3-year plan outlines our balanced, broad-based growth that will be amplified by three key accelerators: footwear, international expansion and digital sales growth. Columbia, with its differentiated innovation and value proposition, will add over 700 million US dollars in net sales by 2025. Sorel is expected to be our fastest growing brand, generating a 20% to 22% t 3-year CAGR, fuelled by its year-round product offering and brand momentum. We anticipate delivering operating margin improvement over this time period, while investing in several areas, including demand creation and digital and supply chain capabilities", furthered Chairman, President and Chief Executive Officer Tim Boyle.

Meanwhile, the sportswear company reiterated its full year outlook for 2022. Columbia is expecting a net sales growth in the range of 10% to 12%, as compared to 2021, which should amount to a total of 3.44 billion US dollars to 3.50 billion US dollars, and diluted earnings per share of 5.00 US dollars to 5.40 US dollars.

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