Columbia Sportswear (COLM) Q2 FY26 earnings call

Columbia Sportswear delivered Q2 FY26 net sales growth above guidance, primarily driven by robust international performance and emerging brands' e-commerce strength, despite a challenging U.S. market. The company recognized significant tariff refunds which boosted reported margins and EPS, while underlying profitability was impacted by promotional activity. Management highlighted encouraging progress from its ACCELERATE strategy, particularly in footwear and the strong spring '27 order book, but acknowledged ongoing macroeconomic and supply chain pressures impacting the second half outlook.