Benzinga | Oct 29, 2020 05:10PM EDT

Columbia Sportswear: Q3 Earnings Insights

Shares of Columbia Sportswear (NASDAQ:COLM) fell 16.4% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 46.29% over the past year to $0.94, which missed the estimate of $1.14.

Revenue of $701,092,000 decreased by 22.68% from the same period last year, which missed the estimate of $756,250,000.

Looking Ahead

Q4 EPS expected between $1.07 and $1.32.

Q4 revenue expected between $850,000,000 and $880,000,000.

How To Listen To The Conference Call

Date: Oct 29, 2020

Time: 05:00 PM

ET Webcast URL: https://www.webcaster4.com/Webcast/Page/2155/33119

Technicals

Company's 52-week high was at $102.05

Company's 52-week low was at $51.82

Price action over last quarter: Up 6.14%

Company Profile

Columbia Sportswear Co makes outdoor and active-lifestyle apparel, footwear, equipment, and accessories that it sells under four primary brands: Columbia, Sorel, Mountain Hardwear, and prAna. The majority of sales are in the United States, but the company also has significant sales in its three other geographic segments: Latin American and Asia-Pacific; Europe, Middle East, and Africa; and Canada. Most sales are through wholesale channels, including sporting goods and department stores, but the company also operates its own branded stores in each of its geographic segments. Columbia sources products from around the world and uses contract manufacturers outside the United States, predominantly in Asia, to manufacture its products.