Workflow
Compared to Estimates, Columbia Sportswear (COLM) Q3 Earnings: A Look at Key Metrics
ColumbiaColumbia(US:COLM) ZACKSยท2024-10-31 00:36

Core Insights - Columbia Sportswear reported revenue of $931.77 million for Q3 2024, a year-over-year decline of 5.5% and a surprise of -1.56% compared to the Zacks Consensus Estimate of $946.56 million [1] - The company's EPS for the same period was $1.56, down from $1.70 a year ago, but exceeded the consensus estimate of $1.36 by 14.71% [1] Revenue Performance by Geography - Canada: Net sales of $83.70 million, a decline of 20.7% year-over-year, below the estimated $93.01 million [3] - EMEA: Net sales of $141.80 million, an increase of 9.6% year-over-year, exceeding the estimated $136 million [3] - United States: Net sales of $571.30 million, a decrease of 10.1% year-over-year, below the estimated $599.88 million [3] - LAAP: Net sales of $135 million, an increase of 17% year-over-year, above the estimated $123 million [3] Stock Performance - Columbia Sportswear shares have returned -9.7% over the past month, contrasting with the Zacks S&P 500 composite's +1.8% change [4] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [4]