Columbia Sportswear Reports Strong Profit Growth Driven by Tariff Refunds
In the second quarter of fiscal year 2026, Columbia Sportswear reported a significant increase in profitability due to US tariff refunds. The company's gross margin rose sharply to 58.3%, with nearly all of this improvement attributed directly to the recognition of these refunds during the period. Net sales for Q2 increased by 2% year-on-year to $614.4 million, supported by strong international performance despite weaker results in US wholesale and retail operations. Operating income reached $30.9 million compared to a loss of $23.6 million in the same quarter last year, while net income surged from a $10 million loss to $26.6 million for Q2 2026. For the first half of 2026, gross margin improved by 400 basis points and net sales rose slightly to $1.39 billion. The company also provided updated guidance for full-year performance, forecasting a modest increase in revenue and higher operating margins.
Tickers: $COLB
Topics: international growth profit margins Q2 earnings tariff refunds