uploads///fitness _

Columbia Sportswear Beat 1Q18 Expectations, Raised Guidance

By

May. 1 2018, Published 9:45 a.m. ET

Snapshot of the series

Portland-based Columbia Sportswear (COLM) reported results for 1Q18 after the market closed on Thursday, April 26. The results were for the three months that ended on March 31.

The active lifestyle retailer cruised ahead of expectations on both its top and bottom lines. Total sales increased 10% YoY (year-over-year) to $599 million on a non-GAAP (generally accepted accounting principles) basis. That was $17 million more than the consensus expectation. It was the company’s fifth straight top-line beat.

Article continues below advertisement

EPS (earnings per share) for the quarter increased 48% YoY to $0.77, which was $0.19 above analysts’ estimates. The company hasn’t missed earnings expectations in the last 20 quarters. Read Parts 2 and 3 of this series to find out more about the key revenue and profitability drivers for the quarter.

Buoyed by its first-quarter performance, COLM management raised its 2018 guidance. We’ll look at that more in Part 4.

Stock price surge

Investors reacted positively to the company’s results and revised their guidance. The stock surged 7% on Friday, April 27 before closing at $84.51, which was 2.9% above its previous day’s closing price. Read Part 5 to find out more about COLM’s recent stock price performance and valuations.

About Columbia Sportswear

Founded in 1938, Columbia Sportswear is a global active lifestyle apparel, footwear, and accessories company. It has a presence in 90 countries.

With a market capitalization of $5.8 billion as of April 27 and trailing-12-month (or TTM) sales of $2.5 billion, COLM is a smaller player in the sportswear space. Industry leader Nike (NKE) had TTM sales of $35.3 billion and a market cap of $110 billion.

Advertisement

More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.