Columbia Sportswear swings to Q2 net loss of $11.8 million as sales fall 8%
Columbia Sportswear reported second quarter 2024 net sales of $570.2 million, down 8 percent, and a net loss of $11.8 million, or $(0.20) per diluted share, compared with net income of $8.4 million a year earlier. The company cut its full year 2024 operating income outlook to $256 to $288 million from $259 to $291 million, while keeping its net sales and diluted EPS outlook unchanged, which matters to shareholders because profit expectations were lowered.
Key points
- Q2 2024 net sales fell 8 percent to $570.2 million, with U.S. wholesale weakness cited as the main driver.
- Q2 2024 loss from operations was $23.8 million, compared with operating income of $6.2 million a year earlier.
- Full year 2024 operating income outlook lowered to $256 to $288 million; diluted EPS outlook of $3.65 to $4.05 unchanged.
- Board declared a quarterly dividend of $0.30 per share, payable August 29, 2024 to holders of record on August 15, 2024.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:38 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 25, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.