Columbia Sportswear (COLM) Hurt by Soft Demand, High Costs
Columbia(COLM) Zacks Investment Research·2024-03-21 14:11Several companies in the apparel space are grappling with soft consumer demand stemming from a tough operating landscape. Columbia Sportswear Company (COLM) is no exception, which saw its fourth-quarter 2023 sales decline across all channels, categories and brands. Apart from this, the company has been seeing elevated SG&A expenses for a while now.The persistence of these factors poses concerns for the near term. The Zacks Consensus Estimate for 2024 earnings per share has descended 4.6% to $3.70 over the p ...