Columbia Sportswear Company (COLM) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Columbia Sportswear published the results on October 29, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• Q3 2025 operating income included $29.0 million of goodwill and intangible asset impairment charges for prAna and Mountain Hardwear, which lowered that quarter's diluted EPS by $0.46.
• Columbia reports one EPS figure, on a GAAP basis. Its 2026 gross margin includes the benefit of IEEPA tariff refunds; it had received approximately $79 million of refunds, including interest, by September 30, 2026.

Source: Columbia Sportswear Q3 2026 results, October 29, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Columbia Sportswear splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Columbia Sportswear's United States revenue was $541 million in Q3 2026, down 1% from $547 million in Q3 2025, 56% of total revenue.
• Columbia Sportswear's Latin America and Asia Pacific revenue was $160 million in Q3 2026, up 11% from $143 million in Q3 2025, 17% of total revenue.
• Columbia Sportswear's Europe, Middle East and Africa revenue was $175 million in Q3 2026, up 7% from $165 million in Q3 2025, 18% of total revenue.
• Columbia Sportswear's Canada revenue was $87.0 million in Q3 2026, down 2% from $88.9 million in Q3 2025, 9% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, Columbia Sportswear said:

“Net sales are expected to increase 2.0 to 3.0 percent (prior 1.0 to 3.0 percent), resulting in net sales of $3.46 to $3.50 billion (prior $3.43 to $3.50 billion), compared to $3.40 billion in 2025.”

“Diluted earnings per share is expected to be $4.65 to $4.90 (prior $4.45 to $4.90), compared to $3.24 in 2025.”

“Net sales are expected to be $1,108 to $1,145 million, representing growth of 3.5 to 7.0 percent from $1,070 million for the comparable period in 2025.”

“Diluted earnings per share is expected to be $1.85 to $2.10, compared to $1.73 for the comparable period in 2025.”

Source: Columbia Sportswear Q3 2026 release, Oct 29, 2026.

This is the company's own guidance as of Oct 29, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the COLM forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Net sales in USD millions and diluted EPS, each as first reported in that quarter's release.

We do not hold a confirmed date for Columbia Sportswear's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 29, 2026

Columbia Sportswear's net sales rose 2 percent to $962.6 million in Q3 2026 from $943.4 million. By brand, Columbia brought in $826.2 million, SOREL $82.8 million, prAna $30.2 million and Mountain Hardwear $23.3 million, down 17%. Apparel, accessories and equipment were $743.9 million and footwear $218.7 million, up 5%. (Columbia Sportswear Q3 2026 release, Oct 29, 2026)

Wholesale accounted for $636.7 million of the quarter's sales and was flat, while direct-to-consumer (DTC) sales rose 5% to $325.9 million, with DTC e-commerce up 9% and brick and mortar up 4%. Columbia had 169 U.S. stores (147 outlets, 22 branded) at the end of Q3 2026, against 172 a year earlier. (Columbia Sportswear Q3 2026 release, Oct 29, 2026; Columbia CFO Commentary and Financial Review, Q3 2026, Oct 29, 2026)

The United States, at $540.9 million, fell 1% because Fall 2026 wholesale orders shipped later than a year earlier, partly offset by DTC growth. Latin America and Asia Pacific rose 11% to $159.5 million, with China up in the low twenties percent and Korea up mid teens percent, and Europe, Middle East and Africa rose 7% to $175.3 million. Canada fell 2% to $87.0 million. (Columbia Sportswear Q3 2026 release, Oct 29, 2026; Columbia CFO Commentary and Financial Review, Q3 2026, Oct 29, 2026)

Columbia said Q3 sales beat its guidance because part of the delayed Fall 2026 wholesale orders shipped earlier than expected and U.S. DTC trends improved. Inventories rose 11 percent to $889.2 million, which it attributed to in-transit inventory from delayed Fall 2026 receipts and earlier production of Spring 2027 product. (Columbia Sportswear Q3 2026 release, Oct 29, 2026)

Columbia Sportswear's diluted EPS was $1.66 in Q3 2026, against $0.95 a year earlier, on net income of $84.7 million. Columbia reports no adjusted EPS. Most of the increase came from the absence of the $29.0 million prAna and Mountain Hardwear impairment that cut Q3 2025 EPS by $0.46; operating margin rose to 11.4 percent from 7.1 percent. (Columbia Sportswear Q3 2026 release, Oct 29, 2026)

Gross margin slipped 20 basis points to 49.8 percent, as accommodations to factory partners outweighed the benefit of IEEPA tariff refunds. Over the first nine months, Columbia said those refunds, net of the accommodations, added $0.85 to diluted EPS. The Q3 effective tax rate was 24.0 percent, against 26.7 percent. (Columbia Sportswear Q3 2026 release, Oct 29, 2026)

Buybacks cut the share count. Diluted weighted average shares were 50,946 thousand, against 54,558 thousand a year earlier, and in the first nine months of 2026 Columbia repurchased 3,342,569 shares for $200.0 million, an average of $59.83 per share. (Columbia Sportswear Q3 2026 release, Oct 29, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Columbia Sportswear gives a full-year and next-quarter outlook in its release. With the Q3 2026 results it raised the low end of its 2026 range: net sales of $3.46 to $3.50 billion (prior $3.43 to $3.50 billion) and diluted EPS of $4.65 to $4.90 (prior $4.45 to $4.90), against $3.24 in 2025, with gross margin of 52.1 to 52.3 percent including an approximate 180 basis-point benefit from IEEPA tariff refunds. (Columbia Sportswear Q3 2026 release, Oct 29, 2026)

For Q4 2026 Columbia expects net sales of $1,108 to $1,145 million and diluted EPS of $1.85 to $2.10, against $1.73 a year earlier. It cut its 2026 operating cash flow outlook to $230 to $250 million from $290 to $310 million because of earlier Spring 2027 production, and expects first-half 2027 wholesale net sales to grow in the mid-single-digit percent range. (Columbia Sportswear Q3 2026 release, Oct 29, 2026)

A consensus figure is the average of the models published by the analysts who cover Columbia Sportswear, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Columbia Sportswear's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning COLM is on is COLM a buy or a sell?, what analysts expect next is on the COLM forecast, and what the company does is on the Columbia Sportswear Company (COLM) stock page.

Every number on this page can be traced to a document Columbia Sportswear published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.