Document


Attention:			Heather Clark
			Melissa Raminpour


RE:			Columbia Sportswear Company
			Form 10-Q for the Quarter Ended June 30, 2020
			File No. 000-23939

Columbia Sportswear Company ("we", "our" or the “Company”) is responding to the comment of the Staff of the Securities and Exchange Commission (the "Commission") in its comment letter dated October 1, 2020. To assist in your review, we have included the Staff's comment below prior to our response.

We note that your comparative discussion for changes in your gross profit and selling, general and administrative expense line items identify multiple factors as the source of the changes. Additionally, we note that one of the factors, the increase in inventory reserves, was described as "fairly significant inventory provisions" from your quarterly earnings call. Please revise to quantify the impact of each material factor that you discuss to provide better insight into the underlying reasons behind the changes in your results. Refer to Item 303 of Regulation S-K and Section III.D of SEC Release No. 33-6835. In your

We acknowledge the Staff’s comment and respectfully advise the Staff that we believe that our disclosure in the Management’s Discussion and Analysis (“MD&A”) section of the Form 10-Q generally meets the requirements of Item 303 of Regulation S-K and Section III.D of SEC Release No. 33-6835. When we identify multiple factors as the source of changes in a line item, we disclose such factors in order of magnitude throughout our MD&A disclosures.

In light of the Staff’s comment, in future filings, beginning with our Form 10-Q for the Quarter Ended September 30, 2020, we will determine which items to quantify in our MD&A disclosures based on the items’ materiality, and whether the information is reasonably available, precise and not repetitive to disclosures made in other sections of the MD&A or financial statements. In addition, we may quantify a factor that management believes will be meaningful and useful to investors and analysts, regardless of materiality.

As an example of how we may approach this in future filings, as shown below, we have revised our second quarter comparative discussion from the Results of Operations section in our MD&A disclosures from the Form 10-Q. In future filings, we will include an analysis over all the periods for which an income statement is presented and discussed.

Gross Profit: Gross profit as a percentage of net sales contracted to 46.2% in the second quarter of 2020 from 48.2% for the comparable period in 2019. The gross profit contraction primarily reflected margin pressure related to the COVID-19 pandemic, including:

•favorable DTC sales mix resulting from a higher proportion of e-commerce sales, which generally carry higher gross margins; and

Our gross profit may not be comparable to other companies in our industry because some of these companies may include all of the costs related to their distribution network in cost of sales while we, like many others, include these expenses as a component of SG&A expense.

Selling, General and Administrative Expense: SG&A expense includes all costs associated with our design, merchandising, marketing, distribution and corporate functions, including related depreciation and amortization.

SG&A expense decreased $23.1 million, or 10%, to $217.7 million, or 68.7% of net sales, for the second quarter of 2020, from $240.8 million, or 45.8% of net sales, for the comparable period in 2019, primarily due to:

•COVID-19 related expenses of $15.1 million, including catastrophic leave and furlough pay as well as severance and other pandemic related costs; and

In March 2020, we initiated numerous cost containment measures across the organization to mitigate the impacts of COVID-19 on our business. See additional discussion of these measures in the Impacts of COVID-19 discussion above.

Thank you for your consideration. If you have any questions regarding our responses, please contact our counsel, John Thomas of Perkins Coie LLP, at (503) 727-2144.