Columbia Sportswear Co COLM:NASDAQ

Last Price$76.39NASDAQ Previous Close - Last Trade as of 4:00PM ET 8/12/22

Today's Change+0.17(0.22%)
Bid (Size)$72.00 (8)
Ask (Size)$84.45 (2)
Day Low / High$75.93 - 76.64
Volume248.4 K

Update: Columbia Sportswear Slips After Q1 Results Miss Expectations

12:08PM ET 4/29/2022 MT Newswires
(Updates to include recent stock movement.)

Columbia Sportswear (COLM) was down more than 6% around midday Friday after it reported Q1 earnings and revenue that missed Street expectations.

The company posted Q1 diluted earnings of $1.03, up from $0.84 a year earlier. Analysts polled by Capital IQ expected $0.86 GAAP. Revenue was $761.5 million for the three months ended March 31, up from $625.6 million a year earlier. Analysts surveyed by Capital IQ expected $762.9 million.

The company said its board approved a sequentially unchanged regular quarterly cash dividend of $0.30 per share, payable June 2 to shareholders of record May 19.

The company said it now expects full-year 2022 diluted EPS of $5.70 to $6 versus its prior guidance of $5.50 to $5.80. Analysts surveyed by Capital IQ expect $5.76.

It expects net revenue of $3.63 billion to $3.69 billion in 2022, unchanged from its previous projection. Analysts polled by Capital IQ expect $3.67 billion.

Price: 82.67, Change: -5.59, Percent Change: -6.33