Columbia Sportswear Q1 2024 GAAP EPS $0.71 Beats $0.35 Estimate, Sales $769.982M Beat $740.023M Estimate
Portfolio Pulse from Benzinga Newsdesk
Columbia Sportswear (NASDAQ:COLM) reported Q1 2024 earnings of $0.71 per share, surpassing the $0.35 estimate, with sales of $769.982M also beating the $740.023M estimate. Despite the beats, this represents a decrease from the previous year's earnings and sales.
April 25, 2024 | 8:15 pm
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Columbia Sportswear reported a significant beat on both earnings and sales estimates for Q1 2024, with EPS at $0.71 against a $0.35 estimate and sales at $769.982M against a $740.023M estimate.
Beating both earnings and sales estimates significantly indicates strong performance and operational efficiency, likely leading to positive investor sentiment in the short term. However, the year-over-year decrease in earnings and sales might temper some of the positive impact.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100