Columbia Sportswear shares surge 14.98% after-hours on Q4 earnings beat and strong 2026 guidance.

Columbia Sportswear (COLM) surged 14.98% in after-hours trading following the release of its fourth-quarter 2025 results, which exceeded Wall Street expectations and included an optimistic 2026 earnings forecast. The company reported GAAP earnings of $1.73 per share, beating estimates of $1.21, and revenue of $1.07 billion, above the $1.03 billion consensus. While U.S. sales declined 2.4% year-over-year due to shipment timing and domestic challenges, international markets and direct-to-consumer sales offset these declines. The standout factor was the company’s 2026 guidance, with a midpoint EPS of $3.43—10.5% above expectations—despite weaker first-quarter projections. Analysts highlighted the improved gross margin, driven by leaner inventory and reduced clearance activity, and Stifel upgraded its price target to $68, citing stronger-than-feared results. The rally reflects renewed investor confidence in the ACCELERATE growth strategy and management’s ability to navigate tariff pressures.