Columbia Sportswear (COLM) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Columbia Sportswear reported revenue of $570.24 million for the quarter ended June 2024, reflecting an 8.2% decline year-over-year and a slight miss of 0.47% against the Zacks Consensus Estimate of $572.96 million [1] - The company's EPS was -$0.20, a decrease from $0.14 in the same quarter last year, but it surpassed the consensus estimate of -$0.31 by 35.48% [1] Revenue Performance by Geography - Canada net sales were $26.60 million, exceeding the average estimate of $23.97 million, but showing a year-over-year decline of 4% [2] - EMEA net sales reached $103.90 million, surpassing the estimated $90.55 million, with a year-over-year increase of 3.1% [2] - United States net sales were $340.20 million, below the average estimate of $368 million, marking a significant year-over-year decline of 14.8% [2] - LAAP net sales amounted to $99.50 million, exceeding the average estimate of $89.68 million, with a year-over-year growth of 6.7% [2] Stock Performance - Columbia Sportswear shares have returned -2.2% over the past month, compared to a -0.3% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]