EarningsQ2 2026 Earnings Report

Columbia Sportswear (COLM) Q2 2026 Earnings Report

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Previous Report: Q1 2026

MX:COLM Q2 2026 EPS Results

Actual EPS$8.80

Consensus EPS-$6.60

Beat/MissBeat by +$15.40

One Year Ago EPS-$3.22

MX:COLM Q2 2026 Revenue Results

Actual Revenue$10.40B

Expected Revenue$10.27B

Beat/MissBeat by +$124.95M

YoY Revenue Growth+1.50%

Earnings Announcement Details

QuarterQ2 2026

Date07/30/2026

TimeAfter Close

Conference CallThursday, July 30, 2026

MX:COLM Upcoming Earnings

Columbia Sportswear's next earnings date is estimated for October 22, 2026, based on past reporting schedules.

Q2 2026 Earnings Call Audio

MX:COLM Q2 2026 Earnings Call

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Q2 2026 Earnings Slide Deck

Q2 2026 Earnings Call Summary

Q2 2026

Earnings Call Date:Jul 30, 2026|

% Change Since:

Earnings Call Sentiment|Neutral

The call described a mix of tangible progress and notable headwinds. Highlights include solid international growth (international +9%), footwear momentum, stronger order books for spring 2027 and fall 2026, marketing wins, and a fortified balance sheet ($625M cash, no debt). However, underlying Q2 profitability and margins were weaker when adjusted for a one-time $78M tariff refund, U.S. sales (down 4%) and brick-and-mortar traffic were soft, promotional activity increased, and supply chain/tariff uncertainty shifted shipments and added timing risk to the back half. Management maintained full-year sales guidance (1%-3%) and raised reported margin and EPS ranges to reflect the refund, but emphasized caution for Q3 and second-half timing risks. Overall, positives (international growth, strategic traction, footwear/product momentum, balance sheet strength) are balanced by meaningful near-term challenges (U.S. demand softness, margin pressure excluding refunds, supply chain and tariff uncertainty), resulting in a neutral tone.

Company Guidance

Columbia guided Q3 net sales down 1.5% to flat and EPS of $1.15–$1.35; for the full year it maintained net sales growth of 1%–3% and raised reported gross margin to 52.1%–52.3% (up 160–180 bps), expects SG&A of 43.6%–44.2% of sales, reported operating margin of 8.5%–9.3%, and reported diluted EPS of $4.45–$4.90 with an assumed full‑year tax rate of ~25%. The outlook assumes current U.S. tariff rates of 10%–12.5% through year‑end, factors a $15M second‑half benefit to cost of sales from IEEPA refund activity (after recognizing ~$78M of refunds and interest in Q2, including roughly $60M to operating margin, $2M interest income and $15M to inventory), and anticipates a Q3 gross‑margin headwind from factory accommodations followed by a Q4 tailwind. Management also disclosed a timing shift north of $30M (predominantly North America) moving shipments from Q3 into Q4, noted the spring 2027 wholesale order book pacing mid‑single‑digit growth with ~90% of orders in, and highlighted inventories down 6% in dollars and 7% in units, and a strong balance sheet with $625M cash/short‑term investments and no debt.

Company-wide Net Sales Growth

Net sales increased 2% year-over-year to $614 million in Q2, driven by international growth and global e-commerce, partially offset by a weaker U.S. performance.

Strong International Performance

International net sales rose 9% year-over-year, with notable contributions: LAAP +13%, LAAP distributor markets mid-20% growth, EMEA up high single-digit overall, Europe direct up low double-digit, Japan up low double-digit, Korea up low double-digit, and China up mid-single-digits (strong 618 festival performance).

One-Time Tariff Refunds Boost Reported Margins and EPS

Recognized approximately $78 million in U.S. IEEPA tariff refunds and interest in Q2 (accounted as ~$60M benefit to operating margin, ~$2M interest income, and ~$15M reduction to inventory). Reported gross margin expanded ~920 basis points to 58.3% and reported EPS was $0.52 (note this was materially impacted by the one-time refunds).

Footwear Momentum

Footwear grew high single-digit % globally in Q2, driven by technical offerings (Omni-Max styles such as Tellurax and Peakfreak; Konos trail running), with the Tellurax selling out and strong media/product award recognition.

Emerging Brands Showing Strength

prAna net sales increased 14% (double-digit wholesale, high single-digit DTC e‑commerce); Mountain Hardwear net sales grew 6% (double-digit DTC growth); Columbia brand net sales up 1% (international growth offset U.S. declines).

Healthy Balance Sheet and Inventory Position

Exited the quarter with $625 million in cash and short-term investments and no debt; inventories down 6% in dollars and units down 7% versus prior year.

Order Book Momentum for Future Seasons

Spring 2027 wholesale order book nearly complete and indicating mid-single-digit % growth overall with footwear outpacing apparel; fall 2026 wholesale order book also showing mid-single-digit growth and broad-based contributions across brands and account tiers.

Marketing & Brand Recognition

Major creative wins and consumer engagement: 'Expedition Impossible' campaign earned multiple awards including the Cannes Lions Grand Prix and Dan Wieden Titanium Lions; Robert Irwin campaign attracted >3.7M views and >300K likes; grassroots Hike Society activations sold out in several markets.

MX:COLM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Oct 22, 2026	2026 (Q3)	21.69 / -	23.86	―
Jul 30, 2026	2026 (Q2)	-6.60 / 8.80	-3.215	373.68% (+12.01)
Apr 30, 2026	2026 (Q1)	5.96 / 11.00	12.691	-13.33% (-1.69)
Feb 03, 2026	2025 (Q4)	20.22 / 29.27	30.459	-3.89% (-1.18)
Oct 30, 2025	2025 (Q3)	20.41 / 23.86	26.398	-9.62% (-2.54)
Jul 31, 2025	2025 (Q2)	-3.96 / -3.22	-3.384	5.00% (+0.17)
May 01, 2025	2025 (Q1)	11.24 / 12.69	12.015	5.63% (+0.68)
Feb 04, 2025	2024 (Q4)	32.07 / 30.46	26.229	16.13% (+4.23)
Oct 30, 2024	2024 (Q3)	23.86 / 26.40	28.767	-8.24% (-2.37)
Jul 25, 2024	2024 (Q2)	-5.74 / -3.38	2.369	-242.86% (-5.75)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed