Columbia Sportswear Co.'s third quarter sales were $471.1 million, an
increase of 4% compared to net sales of $454.1 million for the same
period of 2006. Net income dropped 4% to $62.6 million, or $1.72 a
share. Among categories, sales increased 10% to $161.9 million in
sportswear, 3% to $71.4 million in footwear, and 8% to $22 million in
accessories and equipment. Outerwear sales decreased 1% to $215.8
million.

Among regions, U.S. sales increased 3% to $284.2
million, Other International net sales increased 28% to $73.8 million,
and Canada sales increased 8% to $57.8 million. Europe sales
decreased 17% to $55.3 million.

Excluding changes in currency
exchange rates, consolidated sales increased 2%, Other International
sales increased 28%, U.S. sales increased 3%, Canada sales increased 2%
and Europe sales decreased 22%.

Among brands, Columbia's sales
increased 7% to $418.2 million and Mountain Hardwear sales grew
14% to $29.5 million. On the downside, Sorel sales decreased 9% to
$19.1 million, Montrail sales decreased 28% to $2.6 million and Pacific
Trail decreased 87% to $1.7 million for the third quarter of 2007.

Tim
Boyle, Columbia's president and CEO, said, “We are pleased to report
that third quarter sales were driven by double digit growth in Columbia
brand outerwear in the United States and Canada, reflecting the
initiatives our management team has taken to strengthen our core North
American Columbia brand outerwear business. Growth in the quarter was
also driven by Columbia brand sportswear sales in the United States and
increased sales in all major product categories in International
Distributor markets. This growth was offset by significant expected
declines in Pacific Trail outerwear in the United States and outerwear
and sportswear in Europe. Despite difficult economic conditions,
particularly in the United States, we continue to expect operating
margin expansion this year, demonstrating consistent financial
management discipline.''

Backlog

Columbia reported that as of September 30, 2007, spring backlog
was essentially flat at $414.4 million, compared to spring backlog of
$414.5 million at September 30, 2006. Consolidated product backlog,
which includes both global fall and spring orders at September 30,
2007, was $692.7 million, also essentially flat compared to
consolidated product backlog of $693.9 million at September 30, 2006.

Boyle
commented, “Geographically, spring orders increased in our Asia Direct
and International Distributor markets, and decreased in the U.S. and
Europe. As reviewed by product category, global spring apparel orders
were flat, spring footwear orders decreased modestly and spring
accessories and equipment increased modestly. As discussed previously,
cool and wet weather conditions in the United States this spring
hampered sell through of our spring products, leading to significant
order cancellations this year and reducing demand for spring 2008
orders in the U.S. We are disappointed with these results.''

Marketing and Advertising Initiatives

Beginning
in 2008, Columbia intends to increase spending on marketing and
advertising initiatives to increase consumer brand awareness and to
stimulate consumer demand.

“In spring 2008, we will initiate a
coordinated and targeted marketing, advertising and public relations
campaign globally that will educate consumers about OMNI-SHADE(tm) and
TECHLITE(tm). We believe initiatives like these, and others we will
establish, will continue to reinforce the outdoor authenticity of our
brands and drive retail sell through of our products. We are increasing
our focus on communicating the performance proposition of our brands
directly to consumers, to heighten consumer awareness and drive
consumer demand,'' said Mr. Boyle.

U.S. Retail

Columbia
also expanded its U.S. retail initiative to strengthen wholesale
distribution, primarily focused on inventory management through retail
outlet stores. This U.S. retail initiative will also include first-line
Columbia brand retail stores, to demonstrate product breadth and to
heighten consumer awareness of our brands.

Boyle continued, “To
strengthen our wholesale business, we need the inventory flexibility
and brand management opportunities provided by a direct-to-consumer
retail operation. For the past year we have been evaluating and testing
a measured increase in U.S. direct-to-consumer retail operations to
enhance our wholesale distribution. We have added personnel and
infrastructure throughout the year to support this initiative. Our
retail initiative is primarily focused on inventory management through
retail outlet stores located in geographically remote factory outlet
malls throughout the U.S. This year we anticipate opening five new U.S.
retail outlets, and we currently plan to open up to 15 outlet stores
per year in the U.S. over the next few years, although we will evaluate
this on an ongoing basis. Retail outlet stores reduce our exposure to
excessive inventory due to negative weather conditions.''

“In
addition to retail outlet stores, we anticipate opening a few
first-line Columbia brand retail stores in key U.S. markets over the
next few years, to showcase the breadth of our products in a
comprehensive retail environment and to heighten consumer awareness of
our brands. The first-line Columbia stores will create a distinctive
'Columbia' environment, communicating our key product and marketing
initiatives, showcasing the breadth of our products and reinforcing the
active and outdoor image of the Columbia brand. These Columbia brand
stores and key product and marketing initiatives are designed to
enhance our wholesale business by stimulating consumer demand and
driving consumer pull-through of our products in all distribution
channels. Our primary focus is to remain a wholesale business, and we
are dedicated to serving our wholesale customers,'' continued Boyle.

“We
are approaching this broadened U.S. retail initiative in a measured and
pragmatic manner to enhance our wholesale distribution. We will
continue to monitor our results as we execute our plan. We are pleased
with the initial results this year, which give us confidence to
continue with our plans. The expanded retail initiative, coupled with
our planned increases in marketing and advertising next year, may
preclude us from achieving operating margin leverage in 2008; however,
we expect these initiatives will strengthen our brands and will be
accretive to earnings long-term,'' concluded Boyle.

Dividend and Share Repurchase

The
company announced today that the board of directors has approved an
increased dividend of 16 cents per share, payable on November 29, to
shareholders of record on November 15. During the third quarter, the
company did not repurchase any shares of common stock.

Guidance

Boyle
continued, “Based on our current outlook, we anticipate fourth quarter
2007 revenue growth of approximately three percent compared to the
fourth quarter of 2006 and diluted earnings per share of approximately
$1.00. For the full year 2007, we anticipate net sales growth of
approximately five percent compared to 2006, and are increasing full
year diluted earnings per share guidance to approximately $3.70.''

Boyle
concluded, “Based in part on the reported spring backlog and the
initiatives announced today, we expect revenue growth for the first
quarter of 2008 of approximately 4 percent and diluted earnings per
share of approximately $0.60. As a reminder, spring accounts for a
relatively small percentage of our overall business; the bulk of our
revenues and profits historically comes in the second half of the year.
Further out, it is difficult for us to gauge revenue and profitability
levels until we gain more visibility into the fall 2008 season. We will
provide full year 2008 financial guidance when we report our fall
backlog results in April 2008. Please note that these projections are
forward-looking in nature, and are based on backlog and forecasts,
which may change, perhaps significantly.''

            CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS


                (In thousands, except per share amounts)


                               (Unaudited)



                      Three Months Ended          Nine Months Ended


                         September 30,              September 30,


                    ----------------------     ----------------------


                       2007         2006          2007         2006


                       ----         ----          ----         ----



 Net sales          $ 471,081    $ 454,140     $ 979,281    $ 925,904


 Cost of sales        267,550      255,892       558,477      534,595


                    ---------    ---------     ---------    ---------


   Gross profit       203,531      198,248       420,804      391,309


                         43.2%        43.7%         43.0%        42.3%



 Selling, general,


  and administrative


  expense             112,197      108,292       281,780      270,191



 Net licensing


  income               (1,256)      (1,226)       (3,306)      (3,350)


                    ---------    ---------     ---------    ---------


 Income from


  operations           92,590       91,182       142,330      124,468



 Interest (income)


  expense, net         (2,060)        (927)       (7,051)      (4,740)


                    ---------    ---------     ---------    ---------


 Income before


  income tax           94,650       92,109       149,381      129,208



 Income tax


  expense              32,041       31,778        50,649       44,577


                    ---------    ---------     ---------    ---------


 Net income         $  62,609    $  60,331     $  98,732     $ 84,631


                    =========    =========     =========    =========



 Earnings per


  share:


   Basic            $    1.73    $    1.69     $    2.73    $    2.33


   Diluted               1.72         1.67          2.70         2.30


 Weighted average


  shares


  outstanding:


   Basic               36,112       35,687        36,157       36,366


   Diluted             36,445       36,059        36,517       36,768