ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On April 28, 2022, Columbia Sportswear Company (the "Company") issued a press release reporting its first quarter 2022 financial results, updating its full year 2022 financial outlook, and announcing a quarterly dividend and $500 million increase in its share repurchase authorization. A copy of the Company's press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information in this report shall not be treated as filed for purposes of the Securities Exchange Act of 1934, as amended.

Attached hereto as Exhibit 99.2 and incorporated by reference herein is the CFO Commentary and Financial Review presentation by Jim A. Swanson, Executive Vice President and Chief Financial Officer of the Company, on the first quarter 2022 financial results and 2022 financial outlook, as posted on the Company's investor relations website, http://investor.columbia.com, on April 28, 2022. The information in this report shall not be treated as filed for purposes of the Securities Exchange Act of 1934, as amended.

ITEM 7.01 REGULATION FD DISCLOSURE

In its April 28, 2022 press release, the Company announced that its Board of Directors declared a quarterly cash dividend of $0.30 per share of common stock to be paid on June 2, 2022 to its shareholders of record on May 19, 2022.

ITEM 8.01 OTHER EVENTS

Share Repurchase Authorization

In its April 28, 2022 press release, the Company announced that its Board of Directors has authorized the repurchase of up to an additional $500 million of Company common stock in market or negotiated transactions, in addition to the approximately $99 million remaining available as of March 31, 2022 under the prior share repurchase authorization. The share repurchase program does not obligate the Company to acquire any specific number of shares or acquire shares over any specified period of time, and the share repurchase program may be commenced, modified, suspended, or discontinued at any time by the Company at its discretion.

Russian Presence

The Company does not have any direct operations in Russia and for many years product sales in Russia have been made through a contract with a third-party international distributor on an advance order basis. The Company paused taking any new orders from this Russia-based distributor following the invasion of Ukraine by Russian forces. However, prior to the conflict, the Company had already taken Fall '22 orders from this Russia-based distributor under its contract, which have the potential to be realized. Given the uncertainty surrounding these orders, for purposes of the Company's financial outlook provided in the press release and CFO Commentary and Financial Review Presentation attached hereto as Exhibit 99.1 and Exhibit 99.2, respectively, any future sales from the Russia-based international distributor have been removed.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits



  99.1      Press Release, dated April 28, 2022 (furnished pursuant to Items 2.02 and 7.01
            hereof).

  99.2      CFO Commentary and Financial Review Presentation, dated April 28, 2022 (furnished
            pursuant to Items 2.02 and 7.01 hereof).

104         Cover Page Interactive Data File (embedded within the Inline XBRL document).



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