Columbia Sportswear Company · NASDAQ:COLM
Columbia Sportswear — Q1 2026 Earnings Presentation
20 slides from Columbia Sportswear's earnings presentation, Apr 30, 2026
Slide 1: CFO Commentary and Financial Review First Quarter 2026
AGENDA CFO COMMENTARY AND FINANCIAL REVIEW FIRST QUARTER 2026 April 30 , 2026 Exhibit 99.2
Slide 2: Forward-Looking Statements
This presentation does not constitute an offer or invitation for the sale or purchase of securities and has been prepared solely for informational purposes . This presentation contains forward - looking statements within the meaning of the federal securities laws regarding Columbia Sportswear Compan
Slide 3: References to Non-GAAP Financial Information and Glossary
Since Columbia Sportswear Company is a global company, the comparability of its operating results reported in U.S. 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 U.S. dollar . To sup
Slide 4: Accelerate Profitable Growth
ACCELERATE PROFITABLE GROWTH CREATE ICONIC PRODUCTS Differentiated, Functional, Innovative DRIVE BRAND ENGAGEMENT Increased, Focused Demand Creation Investments ENHANCE CONSUMER EXPERIENCES Invest in Capabilities to Delight and Retain Consumers AMPLIFY MARKETPLACE EXCELLENCE Digitally - Led, Omni -
Slide 5: Capital Allocation Priorities
CAPITAL ALLOCATION PRIORITIES DEPENDENT UPON OUR FINANCIAL POSITION, MARKET CONDITIONS AND OUR STRATEGIC PRIORITIES, OUR CAPITAL ALLOCATION APPROACH INCLUDES: INVEST IN ORGANIC GROWTH OPPORTUNITIES RETURN AT LEAST 40% OF FREE CASH FLOW TO SHAREHOLDERS OPPORTUNISTIC M&A TO DRIVE LONG - TERM PROFITABL
Slide 6: Financial Overview: Q1'26 Results Compared to Q1'25
Q1’26 FINANCIAL OVERVIEW Q 1 ’2 6 FINANCIAL RESULTS COMPARED TO Q 1 ’25 Q 1 ’26 Highlights : • Net sales reflected growth in most of our international markets offset by underlying weakness in the U.S. Net sales included a favorable impact of 280 basis points from foreign currency translation . • Com
Slide 7: Actual vs Last Year
Q1’26 ACTUAL VS LAST YEAR Commentary on Q 1 ’26 financial results vs last year : • Net sales growth in our international markets was offset by a decline in the U.S. due to a lower U.S. wholesale Spring ‘26 orderbook and a lack of inventory to fulfill Q 1 demand due to our decision, in the prior year
Slide 8: Regional Net Sales Performance
Q1’26 REGIONAL NET SALES PERFORMANCE U.S. • Wholesale : down low teens %, primarily reflecting the impact of lower Spring ‘26 orders • DTC : down HSD % (DTC B&M down MSD%, DTC .com down low - teens %), partially impacted by prior year decisions to reduce inventory supply ; B&M decline included lower
Slide 9: Net Sales Overview
Q1’26 NET SALES OVERVIEW Q 1 ’26 NET SALES VS . Q 1 ’25 CATEGORY PERFORMANCE CHANNEL PERFORMANCE WHOLESALE: DTC: 0 % (- 2 % c.c .) $401 M $378 M 0 % (- 3 % c.c .) • Columbia brand footwear growth was partially offset by a decline in SOREL • Columbia growth reflected growth in most of our internation
Slide 10: Gross Margin Bridge
Q1’26 GROSS MARGIN BRIDGE HEADWINDS • Channel Profitability : incurred a 310 basis point unmitigated impact from incremental tariffs TAILWINDS • Channel Profitability : reflecting mitigation tactics, which primarily included targeted price increases Q1’26 GROSS MARGIN CONTRACTED 20 BPS Y/Y TO 50.7%
Slide 11: SG&A Bridge vs Last Year
Q1’26 SG&A BRIDGE VS LAST YEAR * Excludes Retail ; **Excludes Advertising Q1’26 SG&A INCREASED $2.6 MILLION, OR 1% Q1’26 SG&A WAS 45.8% OF NET SALES COMPARED TO 45.5% IN Q1’25 SG&A included an unfavorable impact of $6.7M from foreign currency translation. The below commentary is based on USD reporte
Slide 12: Balance Sheet Overview
BALANCE SHEET OVERVIEW Cash, cash equivalents and short - term investments totaled $535 .4M, compared to $658 .4M as of March 31 , 2025 . $535 M flat BALANCE SHEET AS OF MARCH 31 , 2026 INVENTORY CASH, CASH EQUIVALENTS, AND SHORT - TERM INVESTMENTS Inventories were relatively flat y/y at $624 .0M. W
Slide 13: Capital Overview
CAPITAL OVERVIEW $78M Net cash flow used in operating activities was $77 .5M, compared to $32 .0M for the same period in 2025 . Capital expenditures totaled $12 .4M, compared to $15 .6M for the same period in 2025 . $150 M The Company repurchased 2 ,498 ,685 shares of common stock for an aggregate o
Slide 14: 2026 Financial Outlooks
2026 FINANCIAL OUTLOOKS The Company's 2026 Financial Outlooks are forward - looking in nature, and the following forward - looking statements reflect our expectations as of April 30 , 2026 and are subject to significant risks and business uncertain ties, including those factors described under “Forw
Slide 15: 2026 Financial Outlook Assumptions
2026 FINANCIAL OUTLOOK ASSUMPTIONS Net sales Anticipated net sales growth primarily reflects: • Growth from all brands – SOREL and prAna growing faster than Columbia and Mountain Hardwear • International growth led by Europe Direct, China and International Distributors, partially offset by a modest
Slide 16: ACCELERATE Growth Strategy
ACCELERATE GROWTH STRATEGY MARKETPLACECreate elevated omni - channel brand experiences Maintain outlet and value - oriented wholesale distribution Activate brand and product strategies by elevating the position of the Columbia brand in the U.S. m arketplace PRODUCTEmphasize innovation and style Deli
Slide 17: Appendix
APPENDIX
Slide 18: Constant-Currency Reconciliation
Q1’26 CONSTANT - CURRENCY RECONCILIATION
Slide 19: Three Months Free Cash Flow Reconciliation
THREE MONTHS FREE CASH FLOW RECONCILIATION
Slide 20: Slide 20