Overview
Columbia Sportswear Q3 revenue beats analyst expectations, growing 1% yr/yr
Operating income for Q3 falls 40% due to $29 mln impairment charges
Diluted EPS impacted by impairment charges, resulting in $0.95 per share
Outlook
Company expects full-year 2025 net sales of $3.33 to $3.37 bln
Columbia forecasts 2025 operating income of $163 to $185 mln
Company anticipates 2025 diluted EPS of $2.55 to $2.85
Result Drivers
INTERNATIONAL GROWTH - Strong sales growth in Europe-direct markets led to double-digit percent increase, driven by Columbia brand's appeal to younger consumers
U.S. SALES WEAKNESS - Underlying weakness in U.S. market partially offset international sales growth
BRAND REVITALIZATION - Launch of 'Engineered for Whatever' brand platform as part of ACCELERATE Growth Strategy to engage younger consumers
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$943.40 mln
$917.77 mln (10 Analysts)
Q3 EPS
$0.95
Q3 Operating Income
$67.40 mln
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 7 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the apparel & accessories peer group is "buy."
Wall Street's median 12-month price target for Columbia Sportswear Co is $55.00, about 5.5% above its October 29 closing price of $51.97
Press Release: ID:nBw4DyTzja
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)