Exhibit 99.1
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Columbia Sportswear Company Reports Second Quarter 2025 Financial Results;
Provides Third Quarter 2025 and Limited Full Year 2025 Financial Outlook

Second Quarter 2025 Highlights
•Net sales increased 6 percent (6 percent constant-currency) to $605.2 million, compared to second quarter 2024.
•Operating loss decreased to $23.6 million, or 3.9 percent of net sales, compared to second quarter 2024 operating loss of $23.8 million, or 4.2 percent of net sales.
•Net loss per diluted share of $0.19, compared to second quarter 2024 net loss per diluted share of $0.20.
•Exited the quarter with $579.0 million of cash, cash equivalents and short-term investments and no borrowings.

Full Year 2025 Financial Outlook
The following forward-looking statements reflect our expectations as of July 31, 2025 and are subject to significant risks and business uncertainties, including those factors described under “Forward-Looking Statements” below. Additional disclosures and financial outlook details can be found in the Full Year 2025 Financial Outlook section below and the CFO Commentary and Financial Review presentation.

Due to macroeconomic uncertainty stemming from global trade policies, the Company is providing a limited 2025 financial outlook.

•Net sales of $3.33 to $3.40 billion, representing a net sales decline of 1.0 percent to an increase of 1.0 percent compared to 2024.

PORTLAND, Ore. - July 31, 2025 - Columbia Sportswear Company (NASDAQ: COLM, the "Company"), a multi-brand global leading innovator in outdoor, active and lifestyle products including apparel, footwear, accessories, and equipment, today announced second quarter 2025 financial results for the period ended June 30, 2025.

Chairman, President and Chief Executive Officer Tim Boyle commented, “Second quarter and first half financial results reflect sustained momentum in our international markets. While business trends in our U.S. business remain soft, we continue to take steps to re-energize the Columbia brand through our ACCELERATE growth strategy. In the coming days, we will launch one of the most impactful components of this strategy, our new highly differentiated Columbia brand voice and marketing campaign.

“The apparel and footwear industry is facing increasing tariffs, on top of already high existing duties. In this period of global trade policy uncertainty, we continue to take actions to mitigate the financial and operational impacts to our business. For the upcoming Fall 2025 season, our focus is delivering exceptional value to consumers, who are pressured by higher prices for many consumer goods, as well as keeping inventory and dealer margins healthy.

“Our fortress balance sheet, differentiated brand portfolio and disciplined approach to managing the business, give me confidence in our ability to emerge from this period as a stronger company. We are committed to investing in our strategic priorities to:
•accelerate profitable growth;
•create iconic products that are differentiated, functional and innovative;
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•drive brand engagement through increased, focused demand creation investments;
•enhance consumer experiences by investing in capabilities to delight and retain consumers;
•amplify marketplace excellence, with digitally-led, omni-channel, global distribution; and
•empower talent that is driven by our core values, through a diverse and inclusive workforce."

CFO's Commentary and Financial Review Presentation Available Online

For a detailed review of the Company's second quarter 2025 financial results, please refer to the CFO Commentary and Financial Review presentation furnished to the Securities and Exchange Commission (the "SEC") on a Current Report on Form 8-K and published on the Investor Relations section of the Company's website at http://investor.columbia.com/financial-results at approximately 4:15 p.m. ET today. Analysts and investors are encouraged to review this commentary prior to participating in our conference call.

ACCELERATE Growth Strategy

ACCELERATE is a growth strategy intended to elevate the Columbia brand to attract younger and more active consumers. It is a multi-year effort centered around several consumer-centric shifts to our brand, product and marketplace strategies, as well as enhanced ways of working. For more information on the ACCELERATE Growth Strategy, please refer to the CFO Commentary and Financial Review presentation.
Second Quarter 2025 Financial Results
(All comparisons are between second quarter 2025 and second quarter 2024, unless otherwise noted.)

Net sales increased 6 percent (6 percent constant-currency) to $605.2 million from $570.2 million for the comparable period in 2024. The increase primarily reflects changes in wholesale shipment timing which benefited sales in the quarter, and higher Spring 2025 wholesale orders, partially offset by lower direct-to-consumer ("DTC") net sales. Sales growth in most of our international markets was offset by underlying weakness in the U.S.

Gross margin expanded 120 basis points to 49.1 percent of net sales from 47.9 percent of net sales for the comparable period in 2024. Gross margin expansion reflected several factors including healthier overall inventory composition resulting in less clearance and promotional activity, as well as favorable product sales mix, partially offset by unfavorable channel and region sales mix.

SG&A expenses were $325.6 million, or 53.8 percent of net sales, compared to $302.7 million, or 53.1 percent of net sales, for the comparable period in 2024. The largest changes in SG&A expenses were higher DTC and demand creation expenses.

Operating loss decreased to $23.6 million, or 3.9 percent of net sales, compared to an operating loss of $23.8 million, or 4.2 percent of net sales, for the comparable period in 2024.

Interest income, net of $4.8 million, compared to $8.3 million for the comparable period in 2024.

Income tax benefit of $6.4 million resulted in an effective income tax rate of 38.5 percent, compared to income tax benefit of $3.2 million, or an effective income tax rate of 21.6 percent, for the comparable period in 2024.

Net loss of $10.2 million, or $0.19 per diluted share, compared to a net loss of $11.7 million, or $0.20 per diluted share, for the comparable period in 2024.


First Half 2025 Financial Results
(All comparisons are between first half 2025 and first half 2024, unless otherwise noted.)

Net sales increased 3 percent (4 percent constant-currency) to $1,383.7 million from $1,340.2 million for the comparable period in 2024.

Gross margin expanded 60 basis points to 50.1 percent of net sales from 49.5 percent of net sales for the comparable period in 2024.
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SG&A expenses were $680.1 million, or 49.2 percent of net sales, compared to $652.0 million, or 48.6 percent of net sales, for the comparable period in 2024.

Operating income increased 10 percent to $22.9 million, or 1.7 percent of net sales, compared to operating income of $20.9 million, or 1.6 percent of net sales, for the comparable period in 2024.

Interest income, net of $11.7 million, compared to $17.5 million for the comparable period in 2024.

Income tax expense of $6.2 million resulted in an effective income tax rate of 16.3 percent, compared to income tax expense of $8.6 million, or an effective income tax rate of 22.0 percent, for the comparable period in 2024.

Net income increased 5 percent to $32.1 million, or $0.58 per diluted share, compared to net income of $30.6 million, or $0.51 per diluted share, for the comparable period in 2024.


Balance Sheet as of June 30, 2025

Cash, cash equivalents, and short-term investments totaled $579.0 million, compared to $711.1 million as of June 30, 2024.

The Company had no borrowings as of either June 30, 2025 or June 30, 2024.

Inventories increased 13 percent to $926.9 million, compared to $823.6 million as of June 30, 2024.

Cash Flow for the Six Months Ended June 30, 2025

Net cash used in operating activities was $62.9 million, compared to net cash provided by operating activities of $108.9 million for the same period in 2024.

Capital expenditures totaled $30.0 million, compared to $27.8 million for the same period in 2024.

Share Repurchases for the Six Months Ended June 30, 2025

The Company repurchased 1,677,784 shares of common stock for an aggregate of $131.7 million, or an average price per share of $78.49.

At June 30, 2025, $495.9 million remained available under our stock repurchase authorization, which does not obligate the Company to acquire any specific number of shares or to acquire shares over any specified period of time.

Quarterly Cash Dividend

The Board of Directors approved a regular quarterly cash dividend of $0.30 per share, payable on September 4, 2025 to shareholders of record on August 21, 2025.

Full Year 2025 Financial Outlook

(Additional financial outlook details can be found in the CFO Commentary and Financial Review presentation.)

The Company's 2025 Full Year and Third Quarter Financial Outlooks are forward-looking in nature, and the following forward-looking statements reflect our expectations as of July 31, 2025 and are subject to significant risks and business uncertainties, including those factors described under “Forward-Looking Statements” below. These risks and uncertainties limit our ability to accurately forecast results. The Company's Full Year and Third Quarter 2025 Financial Outlooks reflect U.S. tariff rates in place on July 31, 2025.

•Net sales are expected to decrease 1 percent to increase 1 percent, resulting in net sales of $3.33 to $3.40 billion, compared to $3.37 billion in 2024.

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Third Quarter 2025 Financial Outlook

•Net sales are expected to be $904 to $922 million, representing a decrease of 3 to 1 percent from $932 million for the comparable period in 2024.

•Operating margin is expected to be 7.6 to 9.0 percent, compared to operating margin of 12.1 percent in the comparable period in 2024.

•Diluted earnings per share are expected to be $1.00 to $1.20, compared to $1.56 for the comparable period in 2024.

Conference Call

The Company will hold its second quarter 2025 conference call at 5:00 p.m. ET today. Dial (888) 506-0062 to participate. The call will also be webcast live on the Investor Relations section of the Company's website at https://investor.columbia.com.
Third Quarter 2025 Reporting Date

The Company plans to report third quarter 2025 financial results on Thursday, October 30, 2025 at approximately 4:00 p.m. ET.

Supplemental Financial Information

Since Columbia Sportswear Company is a global company, the comparability of its operating results reported in United States 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 United States dollar. To supplement financial information reported in accordance with GAAP, the Company discloses constant-currency net sales information, which is a non-GAAP financial measure, to provide a framework to assess how the business performed excluding the effects of changes in the exchange rates used to translate net sales generated in foreign currencies into United States dollars. The Company calculates constant-currency net sales by translating net sales in foreign currencies for the current period into United States dollars at the average exchange rates that were in effect during the comparable period of the prior year. Management believes that this non-GAAP financial measure reflects an additional and useful way of viewing an aspect of our operations that, when viewed in conjunction with our GAAP results, provides a more comprehensive understanding of our business and operations. In particular, investors may find the non-GAAP financial measure useful by reviewing our net sales results without the volatility in foreign currency exchange rates. This non-GAAP financial measure also facilitates management's internal comparisons to our historical net sales results and comparisons to competitors' net sales results.

The non-GAAP financial measures should be viewed in addition to, and not in lieu of or superior to, our financial measures calculated in accordance with GAAP. The Company provides a reconciliation of non-GAAP measures to the most directly comparable financial measure calculated in accordance with GAAP. See the "Reconciliation of GAAP to Non-GAAP Financial Measures" table included herein. The non-GAAP financial measures presented may not be comparable to similarly titled measures reported by other companies.

Forward-Looking Statements

This document contains forward-looking statements within the meaning of the federal securities laws, including statements regarding the Company’s expectations, anticipations or beliefs about the Company's ability to realize growth opportunities, drive long-term market share gains and manage expenses, financial position, marketing strategies, timing and payment of dividends, and the Company’s expectations regarding its financial results for the third quarter of 2025 and the full year 2025. Forward-looking statements often use words such as "will," "anticipate," "estimate," "expect," "should," "may," "plan" and other words and terms of similar meaning or reference future dates. The Company's expectations, beliefs and projections are expressed in good faith and are believed to have a reasonable basis; however, each forward-looking statement involves a number of risks and uncertainties, including those set forth in this document, those described in the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q under the heading "Risk Factors," and those that have been or may be described in other reports filed by the Company, including reports on Form 8-K. Potential risks and uncertainties that may affect our future revenues, earnings and performance and could cause the actual results of operations or financial condition of the Company to differ materially from the anticipated results expressed or implied by forward-looking statements in
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this document include: loss of key customer accounts; our ability to execute our ACCELERATE Growth Strategy; our ability to execute and realize cost savings related to our Profit Improvement Plan; our ability to effectively execute our business strategies, including initiatives to upgrade our business processes and information technology (“IT”) systems and investments in our DTC businesses; our ability to maintain the strength and security of our IT systems; the effects of unseasonable weather, including global climate change; the seasonality of our business and timing of orders; trends affecting consumer spending, including changes in the level of consumer spending, and retail traffic patterns; unfavorable economic conditions generally; the financial health of our customers and retailer consolidation; higher than expected rates of order cancellations; changes affecting consumer demand and preferences and fashion trends; changes in international, federal or state tax, labor and other laws and regulations that affect our business, including changes in corporate tax rates, tariffs, international trade policy and geopolitical tensions, or increasing wage rates; our ability to attract and retain key personnel; risks inherent in doing business in foreign markets, including fluctuations in currency exchange rates, global credit market conditions, changes in global regulation and economic and political conditions and disease outbreaks; volatility in global production and transportation costs and capacity and timing; our ability to effectively manage our inventory and our wholesale customer’s to manage their inventories; our dependence on third-party manufacturers and suppliers and our ability to source at competitive prices from them or at all; the effectiveness of our sales and marketing efforts; business disruptions and acts of terrorism, cyber-attacks or military activities around the globe; intense competition in the industry; our ability to establish and protect our intellectual property; and our ability to develop innovative products. The Company cautions that forward-looking statements are inherently less reliable than historical information. The Company does not undertake any duty to update any of the forward-looking statements after the date of this document to conform them to actual results or to reflect changes in events, circumstances or its expectations. New factors emerge from time to time and it is not possible for the Company to predict or assess the effects of all such factors or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement.

About Columbia Sportswear Company

Columbia Sportswear Company connects active people with their passions and is a global multi-brand leading innovator in outdoor, active and lifestyle products including apparel, footwear, accessories, and equipment. Founded in 1938 in Portland, Oregon, the Company's brands are sold in more than 110 countries. In addition to the Columbia® brand, Columbia Sportswear Company also owns the Mountain Hard Wear®, SOREL® and prAna® brands. To learn more, please visit the Company's websites at www.columbia.com, www.mountainhardwear.com, www.sorel.com, and www.prana.com.

Contact:
Andrew Burns, CFA
Vice President of Investor Relations and Strategic Planning
Columbia Sportswear Company
(503) 985-4112
investorrelations@columbia.com

- Financial tables follow -
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COLUMBIA SPORTSWEAR COMPANY
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)

As of June 30,
(in thousands)20252024
ASSETS
Current Assets:
Cash and cash equivalents$427,804 $341,822 
Short-term investments151,223 369,276 
Accounts receivable, net290,573 222,628 
Inventories926,929 823,557 
Prepaid expenses and other current assets97,500 90,527 
Total current assets1,894,029 1,847,810 
Property, plant and equipment, net283,221 277,509 
Operating lease right-of-use assets432,833 360,721 
Intangible assets, net79,221 79,221 
Goodwill26,694 26,694 
Deferred income taxes111,296 97,428 
Other non-current assets63,083 71,438 
Total assets$2,890,377 $2,760,821 
LIABILITIES AND EQUITY
Current Liabilities:
Accounts payable$478,948 $267,853 
Accrued liabilities201,670 201,700 
Operating lease liabilities78,463 72,101 
Income taxes payable2,201 2,787 
Total current liabilities761,282 544,441 
Non-current operating lease liabilities402,726 339,327 
Income taxes payable14,050 13,615 
Deferred income taxes340 64 
Other long-term liabilities58,107 39,412 
Total liabilities1,236,505 936,859 
Total shareholders' equity1,653,872 1,823,962 
Total liabilities and shareholders' equity$2,890,377 $2,760,821 



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COLUMBIA SPORTSWEAR COMPANY
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)

Three Months Ended June 30,
Six Months Ended June 30,
(In thousands, except per share amounts)
2025202420252024
Net sales$605,246 $570,244 $1,383,698 $1,340,226 
Cost of sales308,138 296,825 690,533 677,248 
Gross profit297,108 273,419 693,165 662,978 
Gross margin49.1 %47.9 %50.1 %49.5 %
Selling, general and administrative expenses325,628 302,749 680,099 652,019 
Net licensing income4,929 5,528 9,851 9,920 
Operating income (loss)(23,591)(23,802)22,917 20,879 
Interest income, net4,838 8,344 11,655 17,541 
Other non-operating income, net2,164 476 3,715 747 
Income (loss) before income tax(16,589)(14,982)38,287 39,167 
Income tax expense (benefit)(6,393)(3,241)6,235 8,608 
Net income (loss)$(10,196)$(11,741)$32,052 $30,559 
Earnings (loss) per share:
Basic$(0.19)$(0.20)$0.58 $0.51 
Diluted$(0.19)$(0.20)$0.58 $0.51 
Weighted average shares outstanding:
Basic54,77759,09355,25359,458
Diluted54,77759,09355,39559,603

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COLUMBIA SPORTSWEAR COMPANY
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)

Six Months Ended June 30,
(in thousands)20252024
Cash flows from operating activities:
Net income$32,052 $30,559 
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization27,931 29,142 
Non-cash lease expense41,274 37,419 
Provision for uncollectible accounts receivable1,786 1,502 
Deferred income taxes(340)2,101 
Share-based compensation11,799 12,008 
Other, net(2,200)(9,800)
Changes in operating assets and liabilities:
Accounts receivable136,579 191,737 
Inventories(218,102)(88,753)
Prepaid expenses and other current assets(27,561)(2,809)
Other assets2,546 1,159 
Accounts payable88,004 31,105 
Accrued liabilities(89,215)(63,626)
Income taxes payable(28,489)(26,688)
Operating lease assets and liabilities(42,432)(37,275)
Other liabilities3,482 1,112 
Net cash provided by (used in) operating activities(62,886)108,893 
Cash flows from investing activities:
Purchases of short-term investments(261,449)(388,348)
Sales and maturities of short-term investments402,067 446,087 
Capital expenditures(30,036)(27,788)
Net cash provided by investing activities110,582 29,951 
Cash flows from financing activities:
Proceeds from issuance of common stock related to share-based compensation5,111 3,747 
Tax payments related to share-based compensation(5,656)(4,461)
Repurchase of common stock(131,687)(102,618)
Cash dividends paid(33,030)(35,628)
Net cash used in financing activities(165,262)(138,960)
Net effect of exchange rate changes on cash13,501 (8,381)
Net decrease in cash and cash equivalents(104,065)(8,497)
Cash and cash equivalents, beginning of period531,869 350,319 
Cash and cash equivalents, end of period$427,804 $341,822 
Supplemental disclosures of cash flow information:
Cash paid during the year for income taxes$72,590 $58,151 
Supplemental disclosures of non-cash investing and financing activities:
Property, plant and equipment acquired through increase in liabilities$8,225 $6,283 
Repurchases of common stock not settled$— $8,114 

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COLUMBIA SPORTSWEAR COMPANY
Reconciliation of GAAP to Non-GAAP Financial Measures
Net Sales Growth - Constant-currency Basis
(Unaudited)

Three Months Ended June 30,
Reported
Net Sales
Adjust for Foreign Currency
Constant-currency
Net Sales
Reported
Net Sales
Reported
Net Sales
Constant-currency
Net Sales
(In thousands, except percentage changes)
2025
Translation
2025(1)
2024
% Change
% Change(1)
Geographical net sales:
United States$335,117 $— $335,117 $340,228 (2)%(2)%
Latin America and Asia Pacific112,333 (928)111,405 99,484 13%12%
Europe, Middle East and Africa130,562 (2,010)128,552 103,922 26%24%
Canada27,234 692 27,926 26,610 2%5%
  Total$605,246 $(2,246)$603,000 $570,244 6%6%
Brand net sales:
Columbia$548,345 $(2,202)$546,143 $508,613 8%7%
SOREL18,826 (5)18,821 21,034 (10)%(11)%
prAna20,537 3 20,540 21,796 (6)%(6)%
Mountain Hardwear17,538 (42)17,496 18,801 (7)%(7)%
  Total$605,246 $(2,246)$603,000 $570,244 6%6%
Product category net sales:
Apparel, accessories and equipment$494,302 $(1,353)$492,949 $463,940 7%6%
Footwear110,944 (893)110,051 106,304 4%4%
  Total$605,246 $(2,246)$603,000 $570,244 6%6%
Channel net sales:
Wholesale$317,218 $(1,015)$316,203 $278,384 14%14%
DTC288,028 (1,231)286,797 291,860 (1)%(2)%
  Total$605,246 $(2,246)$603,000 $570,244 6%6%
(1) Constant-currency net sales is a non-GAAP financial measure. See “Supplemental Financial Information” above for further information.
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COLUMBIA SPORTSWEAR COMPANY
Reconciliation of GAAP to Non-GAAP Financial Measures
Net Sales Growth - Constant-currency Basis
(Unaudited)

Six Months Ended June 30,
Reported
Net Sales
Adjust for Foreign Currency
Constant-currency
Net Sales
Reported
Net Sales
Reported
Net Sales
Constant-currency
Net Sales
(In thousands, except percentage changes)
2025Translation
2025(1)
2024
% Change
% Change(1)
Geographical net sales:
United States$806,298 $— $806,298 $814,634 (1)%(1)%
Latin America and Asia Pacific264,543 4,335 268,878 238,130 11%13%
Europe, Middle East and Africa238,042 2,428 240,470 208,442 14%15%
Canada74,815 4,282 79,097 79,020 (5)%—%
  Total$1,383,698 $11,045 $1,394,743 $1,340,226 3%4%
Brand net sales:
Columbia$1,231,466 $10,268 $1,241,734 $1,172,578 5%6%
SOREL61,031 510 61,541 66,694 (8)%(8)%
prAna48,651 11 48,662 53,094 (8)%(8)%
Mountain Hardwear42,550 256 42,806 47,860 (11)%(11)%
  Total$1,383,698 $11,045 $1,394,743 $1,340,226 3%4%
Product category net sales:
Apparel, accessories and equipment$1,123,122 $8,959 $1,132,081 $1,082,994 4%5%
Footwear260,576 2,086 262,662 257,232 1%2%
  Total$1,383,698 $11,045 $1,394,743 $1,340,226 3%4%
Channel net sales:
Wholesale$716,987 $5,406 $722,393 $669,281 7%8%
DTC666,711 5,639 672,350 670,945 (1)%—%
  Total$1,383,698 $11,045 $1,394,743 $1,340,226 3%4%
(1) Constant-currency net sales is a non-GAAP financial measure. See “Supplemental Financial Information” above for further information.

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