$COLM

Stifel forecasts rising costs in transportation, manufacturing, labor, and raw materials may reduce operating margins for active lifestyle companies by 1.75% in 2027, with potential mitigation cutting that to 0.9%. Higher freight, diesel, and material prices are cited as key factors. Companies with higher margins, like Birkenstock and Crocs, are seen as more insulated, while others, such as Under Armour and Nike, face greater risks.

Columbia Sportswear (COLM) stock fell 9.2% post-earnings, trading at $57.03. Figs (FIGS) reported $196.6M revenue, up 28.8% YoY, beating estimates, with stock up 40.1% to $15.75. Stitch Fix (SFIX) revenue rose 4.2% YoY to $324.4M, missing EBITDA estimates, stock flat at $2.81. Levi's (LEVI) revenue up 4.3% YoY to $1.61B, met expectations, stock down 4.4% to $18.69. Under Armour (UAA) revenue down 3.2% YoY to $1.1B, missed expectations, stock down 22.6% to $4.96.

Figs (FIGS) reported Q2 revenue of $196.6M, up 28.8% YoY, beating estimates. Stitch Fix (SFIX) reported $324.4M, up 4.2%, missing EBITDA guidance. Movado (MOV) reported $169.8M, up 4.9%, beating estimates. Columbia Sportswear (COLM) reported $614.4M, up 1.5%, beating EPS but missing guidance. Market focus has shifted from AI to geopolitics.

Nike, Target, Columbia Sportswear, and Amer Sports received tariff refunds, boosting their net income. Nike got $986M, Target $994M, Columbia $78M, and Amer $50.1M. Some firms raised prices, leading to lawsuits from consumers seeking refunds. Companies absorbed some costs, while others passed them to consumers.

Maersk and Columbia Sportswear have extended their partnership with a five-year UK and Ireland warehousing and distribution deal. Maersk will manage Columbia's Pick & Pack operations from its Tamworth facility, aiming to improve delivery speed and flexibility. The agreement covers approximately 1.6 million units annually and 25,000 SKUs, with Maersk also providing customs handling and transportation services.

Columbia Sportswear reported Q2 net sales of $614.4m, up 2% year on year, with operating income of $30.9m. Gross margin rose to 58.3%, with about 980 bps attributed to US tariff refunds. Net income was $26.6m, or $0.52 diluted EPS. For 2026, it forecasts sales $3.43bn-$3.50bn and EPS $4.45-$4.90, assuming tariff rates stay unchanged.

Columbia Sportswear management said macro uncertainty, tariff policy, and supply chain timing could affect upcoming revenue and gross margins. Elevated gasoline prices and shipping disruptions tied to the Middle East conflict are shifting wholesale shipments from Q3 to Q4. The company expects tariff rates to hold but margins may change with tariffs and factory accommodations, while pushing brand pillars via e-commerce and international channels.

VF Corp. CEO Bracken Darrell, Levi’s CEO Michelle Gass and Columbia Sportswear CEO Tim Boyle said women’s apparel is a key growth focus. VF’s North Face is cited as its biggest women opportunity (about 42% of $9.6B FY2026 sales; potential to double). Levi’s said women’s apparel is 38% of business (target 50-50) and grew 13% in 2026 Q1. Columbia highlighted women’s outerwear like the Amaze Puff Jacket; it expects 1%–3% sales growth in 2026. Levi’s next earnings are due Wednesday.

Columbia Distributing said it completed its deal with Republic National Distributing Company (RNDC) for wine and spirits distribution rights in Oregon and Washington. Financial terms were not disclosed. Columbia will add about 850,000 cases (about 500,000 wine, 350,000 spirits) and begin sales immediately; spirits will be limited to Washington. Suppliers include Duckhorn, Chopin, Santa Margherita, and others; Alaska expansion is still in progress.

The Trump administration said U.S. Customs and Border Protection has started barring imports of clothing made by two affiliated Jordan manufacturers, Needle Craft and Casual Wear, after finding evidence of forced labor. The firms supply brands including Columbia and Under Armour, according to supplier lists. CBP issued five and six WROs this fiscal year under Section 307. Jordan’s 2025 exports to the U.S. were about $3.1B, with ~$2B in clothing/textiles.