For the quarter ended March 2024, Columbia Sportswear (COLM - Free Report) reported revenue of $769.98 million, down 6.2% over the same period last year. EPS came in at $0.71, compared to $0.74 in the year-ago quarter.
The reported revenue represents a surprise of +3.56% over the Zacks Consensus Estimate of $743.53 million. With the consensus EPS estimate being $0.35, the EPS surprise was +102.86%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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: $52.40 million compared to the $41.63 million average estimate based on three analysts. The reported number represents a change of -10.3% year over year.
- Geographic Net sales to unrelated entities- Europe, Middle East and Africa (EMEA): $104.50 million versus $106.37 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -3.5% change.
- Geographic Net sales to unrelated entities- United States: $474.40 million versus $456.75 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -8.3% change.
- Geographic Net sales to unrelated entities- Latin America and Asia Pacific (LAAP): $138.70 million compared to the $139.46 million average estimate based on three analysts. The reported number represents a change of +1.7% year over year.
- Net sales- Wholesale: $390.90 million versus $367.53 million estimated by two analysts on average.
- Net sales- Direct-to-consumer: $379.10 million versus $377.95 million estimated by two analysts on average.
- Net sales by brand- Columbia: $663.90 million versus the two-analyst average estimate of $650.87 million. The reported number represents a year-over-year change of -5.5%.
- Net sales by brand- Prana: $31.30 million versus $27.62 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -3.7% change.
- Net sales by brand- Sorel: $45.70 million versus the two-analyst average estimate of $43.96 million. The reported number represents a year-over-year change of -24.5%.
- Net sales- Apparel, Accessories and Equipment: $619 million compared to the $584.17 million average estimate based on two analysts. The reported number represents a change of -2.2% year over year.
- Net sales- Footwear: $151 million versus the two-analyst average estimate of $161.31 million. The reported number represents a year-over-year change of -19.7%.
- Net sales by brand- Mountain Hardwear: $29.10 million compared to the $23.04 million average estimate based on two analysts. The reported number represents a change of +17.3% year over year.
View all Key Company Metrics for Columbia Sportswear here>>>Shares of Columbia Sportswear have returned +8.4% over the past month versus the Zacks S&P 500 composite's -2.7% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
Hurry, Download Special Report – It’s FREE >>
For the quarter ended March 2024, Columbia Sportswear (COLM - Free Report) reported revenue of $769.98 million, down 6.2% over the same period last year. EPS came in at $0.71, compared to $0.74 in the year-ago quarter.
The reported revenue represents a surprise of +3.56% over the Zacks Consensus Estimate of $743.53 million. With the consensus EPS estimate being $0.35, the EPS surprise was +102.86%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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: $52.40 million compared to the $41.63 million average estimate based on three analysts. The reported number represents a change of -10.3% year over year.
- Geographic Net sales to unrelated entities- Europe, Middle East and Africa (EMEA): $104.50 million versus $106.37 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -3.5% change.
- Geographic Net sales to unrelated entities- United States: $474.40 million versus $456.75 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -8.3% change.
- Geographic Net sales to unrelated entities- Latin America and Asia Pacific (LAAP): $138.70 million compared to the $139.46 million average estimate based on three analysts. The reported number represents a change of +1.7% year over year.
- Net sales- Wholesale: $390.90 million versus $367.53 million estimated by two analysts on average.
- Net sales- Direct-to-consumer: $379.10 million versus $377.95 million estimated by two analysts on average.
- Net sales by brand- Columbia: $663.90 million versus the two-analyst average estimate of $650.87 million. The reported number represents a year-over-year change of -5.5%.
- Net sales by brand- Prana: $31.30 million versus $27.62 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -3.7% change.
- Net sales by brand- Sorel: $45.70 million versus the two-analyst average estimate of $43.96 million. The reported number represents a year-over-year change of -24.5%.
- Net sales- Apparel, Accessories and Equipment: $619 million compared to the $584.17 million average estimate based on two analysts. The reported number represents a change of -2.2% year over year.
- Net sales- Footwear: $151 million versus the two-analyst average estimate of $161.31 million. The reported number represents a year-over-year change of -19.7%.
- Net sales by brand- Mountain Hardwear: $29.10 million compared to the $23.04 million average estimate based on two analysts. The reported number represents a change of +17.3% year over year.
View all Key Company Metrics for Columbia Sportswear here>>>Shares of Columbia Sportswear have returned +8.4% over the past month versus the Zacks S&P 500 composite's -2.7% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
Hurry, Download Special Report – It’s FREE >>
Get the latest research report on COLM - FREE