Columbia Sportswear Earnings: Here’s Why the Stock is Rising Now
Columbia Sportswear Company (NASDAQ:COLM) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.88%.
Columbia Sportswear Company Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 218.18% to $0.35 in the quarter versus EPS of $0.11 in the year-earlier quarter.
Revenue: Rose 4.55% to $348.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Columbia Sportswear Company reported adjusted EPS income of $0.35 per share. By that measure, the company beat the mean analyst estimate of $0.14. It beat the average revenue estimate of $334.67 million.
Quoting Management: Tim Boyle, Columbia’s president and chief executive officer, commented, “During the first quarter, cold weather in North America helped us liquidate additional Fall season inventory, primarily through our direct-to-consumer channels, putting our inventory levels in better shape than last year at this time.”
Key Stats (on next page)…