International markets support Columbia Sportswear’s second-quarter growth
The US-based company has exceeded its sales guidance in the second quarter, with international growth partly offsetting weaker performance in the US and Canada
“We’re pleased to have delivered net sales exceeding our guidance for the second quarter, driven by the resilience of our international business, which was partly offset by continued softness in the US, amid growing global macroeconomic headwinds”, said the Chairman and Chief Executive Officer Tim Boyle.
In the second quarter of the 2026 financial year, the company’s net sales totalled 614.4 million US dollars, which represents an increase of 2% (or 1% on a constant-currency basis) compared to the same period of the previous year.
While sales grew by 12% (or 13% on a constant currency basis) in Latin America and the Asia-Pacific region, and by 10% (or 8% on a constant currency basis) in Europe, the Middle East and Africa during the quarter, they declined by 4% in the US and by 7% (or 9% on a constant currency basis) in Canada.
“We continue to see encouraging signs of progress with our ACCELERATE growth strategy,” Boyle highlighted, adding that they were particularly pleased with the performance of the Columbia brand footwear in the second quarter.
In the second quarter, Columbia Sportswear’s gross margin increased by 9.2 percentage points year-on-year to 58.3%, mainly due to the recovery of IEEPA tariffs, which contributed approximately 9.8 percentage points.
However, this gain was partly offset by lower profitability in its brick-and-mortar direct-to-consumer business, where increased promotional activity put pressure on margins.
The company reported a second-quarter operating income of 30.9 million US dollars, compared to an operating loss of 23.6 million US dollars in the same quarter of 2025.
Net income totalled 26.6 million US dollars, equivalent to 0.52 US dollars per diluted share. This contrasts with a net loss of 10.2 million US dollars, equivalent to 0.19 US dollars per diluted share, in the same quarter last year. “The recovery of IEEPA tariffs benefited diluted earnings per share by 0.93 US dollars”, reads the statement.
First-Half Highlights
In the first half of 2026, Columbia Sportswear recorded net sales of 1.39 billion US dollars, reflecting a 1% increase (or a 1% decrease on a constant-currency basis) compared to the same period a year ago.Net income in the first half of the year was 60.9 million US dollars, or 1.17 US dollars per diluted share, compared to 32.1 million US dollars, or 0.58 US dollars per diluted share, in the first six months of 2025. The recovery of IEEPA tariffs increased diluted earnings per share by 0.92 US dollars.
Full-Year Outlook
For the 2026 financial year, the company expects net sales to increase by between 1.0% and 3.0%, resulting in net sales of between 3.43 and 3.50 billion US dollars, compared to 3.40 billion US dollars in 2025.Diluted earnings per share are expected to be between 4.45 and 4.90 US dollars (previously between 3.55 and 4.00 US dollars), compared to 3.24 US dollars in 2025.
Image Credits: wwd.com
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