Columbia Sportswear Sees FY23 Revenue $3.53B-$3.59B Vs $3.61B Est.; EPS $4.40-$4.65 Vs $5.1 Est.
Portfolio Pulse from Benzinga Newsdesk
Columbia Sportswear has revised its FY23 revenue and EPS estimates to $3.53B-$3.59B and $4.40-$4.65 respectively, both lower than previous estimates. The company cites economic conditions, inflationary pressures, supply chain expenses, changes in consumer behavior and confidence, and geopolitical tensions as factors influencing the forecast.
August 04, 2023 | 10:23 am
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NEGATIVE IMPACT
Columbia Sportswear has lowered its FY23 revenue and EPS estimates. This could potentially impact investor confidence and the company's stock price.
Columbia Sportswear's downward revision of its FY23 revenue and EPS estimates indicates potential challenges in the company's performance. This could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100