Columbia Sportswear’s Q2 sales drop, announces leadership changes to drive omni-channel growth

Net sales at Columbia Sportswear Company decreased 23 percent to 701.1 million dollars, gross margin contracted 40 basis points to 48.9 percent of net sales, from 49.3 percent of net sales for the comparable period in 2019, operating income decreased 44 percent to 85.6 million dollars or 12.2 percent of net sales and net income decreased 47 percent to 62.8 million dollars or 94 cents per diluted share from the comparable period in 2019. In a separate release, the company also announced a series of senior leadership changes executing on transition plans, supporting its omni-channel plans for growth and unlocking digital opportunities.