Columbia Sportswear Company Provides Earnings Guidance for First Quarter, First Half and Full Year of Fiscal 2024
February 01, 2024 at 04:05 pm EST
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Columbia Sportswear Company provided earnings guidance for the first quarter, first half and full year of fiscal 2024. For the full year, the company Net sales are expected to decrease 4.0% to 2.0%, resulting in net sales of $3.35 billion to $3.42 billion, compared to $3.49 billion in 2023.
For the first half, the company Net sales are expected to be $1,310 million to $1,352 million, representing a decline of 9% to 6 % from $1,442 million for the comparable period in 2023.Diluted earnings per share is expected to be $0.01 to $0.26, compared to $0.88 for the comparable period in 2023.
For the first quarter, the company Net sales are expected to be $730 million to $753 million, representing a decline of 11% to 8 % from $820.6 million for the comparable period in 2023.Diluted earnings per share is expected to be $0.30 to $0.45, compared to $0.74 for the comparable period in 2023.
Columbia Sportswear Company is a multi-brand in outdoor, active and lifestyle products, including apparel, footwear, accessories, and equipment. The Company manages its product line in two categories: apparel, accessories, and equipment products and footwear products. It provides products through four brands: Columbia, SOREL, Mountain Hardwear, and prAna. Columbia brand offers outdoor apparel, footwear, accessories and equipment products suited for hiking, trail running, snow, and fishing and hunting activities, as well as everyday outdoor activities. SOREL brand offers footwear. Mountain Hardwear brand designs essential, premium apparel, accessories and equipment products for climbers, mountaineers, skiers, snowboarders, and trail athletes. prAna brand offers apparel, accessories and equipment products. The Company sells its products in approximately 100 countries and operates in four segments: United States, Latin America and Asia Pacific, Europe, Middle East and Africa, and Canada.