Columbia Sportswear (COLM) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

COLM

For the quarter ended September 2023, Columbia Sportswear (COLM - Free Report) reported revenue of $985.68 million, up 3.2% over the same period last year. EPS came in at $1.70, compared to $1.80 in the year-ago quarter.

The reported revenue represents a surprise of -1.41% over the Zacks Consensus Estimate of $999.77 million. With the consensus EPS estimate being $1.68, the EPS surprise was +1.19%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Columbia Sportswear performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Geographic Net sales to unrelated entities- Canada: $105.50 million versus $89.33 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +33.4% change.
  • Geographic Net sales to unrelated entities- Europe, Middle East and Africa (EMEA): $129.40 million versus $142.08 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -15.7% change.
  • Geographic Net sales to unrelated entities- United States: $635.40 million versus $648.16 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +4.7% change.
  • Geographic Net sales to unrelated entities- Latin America and Asia Pacific (LAAP): $115.40 million versus the three-analyst average estimate of $121.65 million. The reported number represents a year-over-year change of 0%.
  • Net sales- Wholesale: $664.30 million versus $658 million estimated by two analysts on average.
  • Net sales- Direct-to-consumer: $321.40 million compared to the $342.73 million average estimate based on two analysts.
  • Net sales by brand- Columbia: $804 million versus the two-analyst average estimate of $829.97 million.
  • Net sales by brand- Prana: $30.70 million versus the two-analyst average estimate of $26.02 million.
  • Net sales by brand- Sorel: $122.10 million versus the two-analyst average estimate of $124.93 million.
  • Net sales- Apparel, Accessories and Equipment: $731.70 million versus $754.29 million estimated by two analysts on average.
  • Net sales- Footwear: $254 million compared to the $246.44 million average estimate based on two analysts.
  • Net sales by brand- Mountain Hardwear: $28.90 million versus the two-analyst average estimate of $19.82 million.
View all Key Company Metrics for Columbia Sportswear here>>>

Shares of Columbia Sportswear have returned -0.4% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

Infrastructure Stock Boom to Sweep America

A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.

The only question is “Will you get into the right stocks early when their growth potential is greatest?”

Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.

Download FREE: How To Profit From Trillions On Spending For Infrastructure >>