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Columbia Sportswear Company (COLM)
NASDAQ:COLM
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Earnings Data
Report Date
Feb 04, 2025After Close Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.85Last Year’s EPS
$1.55Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 16.30%
|Next Earnings Date:Feb 04, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects mixed results with a strong financial position and international growth, but challenges in the North American market and declines in certain brands. The new growth strategy 'Accelerate' aims to counteract these issues by targeting younger consumers and improving brand perception.Company Guidance
During the Columbia Sportswear earnings call for the third quarter of 2024, the company provided guidance that highlighted several key metrics and strategic priorities. Net sales for the third quarter were $932 million, reflecting a 5% decline year-over-year, with the U.S. market particularly challenging, seeing a 10% decrease. Despite the sales dip, Columbia exceeded its diluted earnings per share guidance due to a better-than-expected gross margin of 50.2% and disciplined expense management. The company ended the quarter with over $370 million in cash and no debt, highlighting its strong financial position. Columbia's new growth strategy, Accelerate, aims to target younger and more active consumers while bolstering brand engagement through innovative marketing and product differentiation. For the full year, Columbia expects net sales to decline by 3% to 5%, with operating margins projected at 7.7% to 8.4%. The company is also on track to generate over $300 million in operating cash flow, with plans to continue returning value to shareholders through dividends and a new $600 million share buyback authorization.Strong Financial Position
Exited the quarter with cash and short-term investments of over $370 million and no debt. On track to generate over $300 million in operating cash flow this year.
International Growth
Latin America, Asia Pacific region net sales increased 18%, with China net sales increasing low 20%. Europe, Middle East and Africa region net sales increased 10%.
New Growth Strategy 'Accelerate'
Launched the 'Accelerate' strategy to attract younger consumers and elevate brand perception. Significant investment in marketing and product innovation is planned.
Gross Margin Improvement
Gross margin expanded 150 basis points to 50.2%, driven by favorable international performance and lower freight expenses.
New $600 Million Buyback Authorization
Continued commitment to capital allocation strategy with a new $600 million buyback authorization.
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COLM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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COLM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $75.93 | $80.18 | +5.60% |
| Jul 25, 2024 | $76.65 | $75.81 | -1.10% |
| Apr 25, 2024 | $78.15 | $79.13 | +1.25% |
| Feb 01, 2024 | $80.87 | $80.17 | -0.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Columbia Sportswear Company (COLM) report earnings?
Columbia Sportswear Company (COLM) is schdueled to report earning on Feb 04, 2025, After Close Not Confirmed.
What is Columbia Sportswear Company (COLM) earnings time?
Columbia Sportswear Company (COLM) earnings time is at Feb 04, 2025, After Close Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is COLM EPS forecast?
COLM EPS forecast for the fiscal quarter 2024 (Q4) is $1.85.
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