We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Columbia Sportswear Posts Narrower-Than-Expected Loss, SOREL Sales Explode 71%
Read MoreHide Full Article
Columbia Sportswear Co. (COLM - Free Report) just released its second quarter fiscal 2017 financial results, posting earnings of a loss of 17 cents per share and revenues of $398.9 million. Currently, COLM is a #3 (Hold) on the Zacks Rank, and is up 0.21% to $57.79 per share in trading shortly after its earnings report was released.
Columbia:
Beat earnings estimates. The sportswear retailer reported earnings of a loss of 17 cents per share, surpassing the Zacks Consensus Estimate of a loss of 20 cents per share. Q2 net loss totaled $11.5 million.
Beat revenue estimates. The company saw revenue figures of $398.9 million, topping our consensus estimate of $394.10 million and growing 3% year-over-year.
Columbia’s U.S. segment reported 4% net sales growth to $238.2 million, consisting of mid-teen percentage growth in direct-to-consumer net sales, partially offset by a high-single-digit percentage decline in wholesale net sales.
Global Columbia brand net sales increased 2% (3% constant-currency) to $340.5 million. In particular, global SOREL brand net sales grew a whopping 71% (74% constant-currency) to $6.0 million.
Looking ahead, Columbia expectsnet sales growth of approximately 3% compared to fiscal 2016, with operating income growth of approximately 3% to between approximately $256 million and $265 million. The company is also projecting net income growth of up to 4% to between approximately $193 million and $200 million, or $2.74 to $2.84 per diluted share.
Here’s a graph that looks at Columbia’s price, consensus, and EPS surprise:
Columbia Sportswear Company Price, Consensus and EPS Surprise
Columbia Sportswear Company is a global leader in design, sourcing, marketing and distribution of active outdoor apparel and footwear, with operations in North America, Europe and Asia. As one of the largest outerwear companies in the world and the leading seller of skiwear in the United States, the company has developed an international reputation across an expanding product line for quality, performance, functionality and value.
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.
Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Columbia Sportswear Posts Narrower-Than-Expected Loss, SOREL Sales Explode 71%
Columbia Sportswear Co. (COLM - Free Report) just released its second quarter fiscal 2017 financial results, posting earnings of a loss of 17 cents per share and revenues of $398.9 million. Currently, COLM is a #3 (Hold) on the Zacks Rank, and is up 0.21% to $57.79 per share in trading shortly after its earnings report was released.
Columbia:
Beat earnings estimates. The sportswear retailer reported earnings of a loss of 17 cents per share, surpassing the Zacks Consensus Estimate of a loss of 20 cents per share. Q2 net loss totaled $11.5 million.
Beat revenue estimates. The company saw revenue figures of $398.9 million, topping our consensus estimate of $394.10 million and growing 3% year-over-year.
Columbia’s U.S. segment reported 4% net sales growth to $238.2 million, consisting of mid-teen percentage growth in direct-to-consumer net sales, partially offset by a high-single-digit percentage decline in wholesale net sales.
Global Columbia brand net sales increased 2% (3% constant-currency) to $340.5 million. In particular, global SOREL brand net sales grew a whopping 71% (74% constant-currency) to $6.0 million.
Looking ahead, Columbia expectsnet sales growth of approximately 3% compared to fiscal 2016, with operating income growth of approximately 3% to between approximately $256 million and $265 million. The company is also projecting net income growth of up to 4% to between approximately $193 million and $200 million, or $2.74 to $2.84 per diluted share.
Here’s a graph that looks at Columbia’s price, consensus, and EPS surprise:
Columbia Sportswear Company Price, Consensus and EPS Surprise
Columbia Sportswear Company Price, Consensus and EPS Surprise | Columbia Sportswear Company Quote
Columbia Sportswear Company is a global leader in design, sourcing, marketing and distribution of active outdoor apparel and footwear, with operations in North America, Europe and Asia. As one of the largest outerwear companies in the world and the leading seller of skiwear in the United States, the company has developed an international reputation across an expanding product line for quality, performance, functionality and value.
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.
Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>