Columbia Sportswear Q2 Swings to Profit, Revenue Rises; Issues Q3 Guidance

MT Newswires Live
07/31

Columbia Sportswear (COLM) reported Q2 earnings late Thursday of $0.52 per diluted share, swinging from a loss of $0.19 a year earlier.

Analysts polled by FactSet expected a loss of $0.39.

Net sales for the quarter ended June 30 were $614.4 million, up from $605.2 million a year earlier.

Analysts expected $607.0 million.

The company expects Q3 EPS of $1.15 to $1.35 on revenue of $929 million to $943 million. Analysts expect $1.55 and $972.3 million, respectively.

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