Columbia Q2 Income Jumps 13.8% on 12.5% Sales Increase

Columbia Sportswear second quarter net sales were $171.1 million, an increase of 12.5% over net sales of $152.1 million for the same period of 2003. The Company reported a net income for the second quarter of $10.7 million, a 13.8% increase over net income of $9.4 million for the same period of 2003. Diluted EPS for the second quarter of 2004 were 26 cents, compared to 23 cents last year.

Compared to the second quarter of 2003, U.S. sales increased 17.0% to $105.9 million, European sales increased 20.1 percent to $24.5 million, Canadian sales increased 13.6 percent to $12.5 million,
and Other International sales decreased 6.6 percent to $28.2 million
for the second quarter of 2004.

Excluding changes in currency exchange rates, European sales
increased 9.9 percent, Canadian sales increased 7.9 percent, and Other
International sales decreased 10.0 percent for the second quarter of
2004. Consolidated net sales for the second quarter of 2004 increased
10.1 percent, excluding changes in currency exchange rates, compared
to the same period of last year.

For the second quarter of 2004, sportswear sales increased 31.4
percent to $90.4 million, footwear sales increased 8.5 percent to
$30.7 million, accessories sales increased 13.8 percent to $6.6
million, equipment sales increased 4.0 percent to $2.6 million, and
outerwear sales decreased 12.6 percent to $40.8 million compared to
the second quarter of 2003.

Tim Boyle, Columbia's president and chief executive officer,
commented, “Our second quarter results demonstrate the continued
strength of our brands domestically and internationally. Strong
shipments of spring sportswear in the U.S. and other key markets drove
worldwide sales growth. International distributor sales, a component
of Other International sales, decreased in the quarter due primarily
to the timing of some international distributor shipments. For the
full year 2004, we expect growth in our overall international
distributor business. Outerwear sales decreased in the quarter
primarily due to an expected weakness in the fall youth outerwear
category, which began shipping late in the second quarter. As we have
discussed previously, additional resources have been devoted to the
youth outerwear category, with new styles and product offerings
entering the fall 2005 product line. Operationally, we are pleased
with our gross and operating margin performance as we invest in
effective brand building programs worldwide.”

“In reviewing the second quarter revenue results, investors should
be aware that the second quarter is our smallest revenue quarter of
the year, as we conclude our spring product shipping season and begin
shipping fall products late in the quarter. Due to the comparatively
low revenue levels in the quarter, changes in shipments in any one
channel or category may be excessively pronounced and may not
necessarily be indicative of future results,” continued Mr. Boyle.

Mr. Boyle continued, “Based on our current outlook, we believe
that our strategies will enable us to generate third quarter 2004
revenue growth of 9 to 10 percent, and net income growth of 3 to 5
percent, compared to the third quarter of 2003. For the full year
2004, we anticipate net sales growth of 12 to 13 percent, and net
income growth of approximately 10 to 11 percent, compared to 2003.
These projections are forward-looking in nature, and are based on
backlog and forecasts, which may change, perhaps significantly.”

                CONSOLIDATED STATEMENTS OF OPERATIONS
               (In thousands, except per share amounts)

                               Three Months Ended   Six Months Ended
                                     June 30,            June 30,
                               ------------------- -------------------
                                  2004      2003      2004      2003
                               ---------  -------- ---------  --------

Net sales                      $171,102  $152,077  $377,772  $320,948
Cost of sales                    97,871    87,358   210,658   179,485
                                --------  --------  --------  --------
  Gross profit                   73,231    64,719   167,114   141,463
                                   42.8%     42.6%     44.2%     44.1%

Selling, general, and
 administrative                  58,327    50,304   122,856   103,465
Net licensing income               (781)     (504)   (1,478)     (609)
                                --------  --------  --------  --------
Income from operations           15,685    14,919    45,736    38,607

Interest income, net               (953)     (189)   (1,851)     (372)
                                --------  --------  --------  --------
Income before income tax         16,638    15,108    47,587    38,979

Income tax provision              5,906     5,665  $ 16,893    14,617
                                --------  --------  --------  --------
Net income                     $ 10,732  $  9,443    30,694  $ 24,362
                                ========  ========  ========  ========

Net income per share:
  Basic                        $   0.27  $   0.24  $   0.76  $   0.61
  Diluted                          0.26      0.23      0.75      0.60
Weighted average shares
 outstanding:
  Basic                          40,469    39,926    40,394    39,848
  Diluted                        41,148    40,644    41,056    40,446