Columbia Sportswear Faces Sales Dip, Boosts Share Repurchase

An update from Columbia Sportswear ( (COLM) ) is now available.

Columbia Sportswear Company reported a 5% drop in net sales in Q3 2024, highlighting challenges in North American markets due to warm weather affecting demand. Despite this, the company remains financially robust, with over $370 million in cash and no debt, and is focusing on its ACCELERATE Growth Strategy to attract younger consumers with innovative products like Omni-Heat Infinity. The Board has increased the share repurchase authorization by $600 million and declared a $0.30 dividend per share, indicating confidence in long-term growth prospects.

For a thorough assessment of COLM stock, go to TipRanks’ Stock Analysis page.