Columbia Sportswear Q2 2024 Adj EPS $(0.20) Beats $(0.34) Estimate, Sales $570.20M Beat $568.29M Estimate
Portfolio Pulse from Benzinga Newsdesk
Columbia Sportswear (NASDAQ: COLM) reported Q2 2024 adjusted EPS of $(0.20), beating the estimate of $(0.34). Sales were $570.20M, surpassing the $568.29M estimate but down 8.17% from last year.
July 25, 2024 | 8:07 pm
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Columbia Sportswear reported Q2 2024 adjusted EPS of $(0.20), beating the $(0.34) estimate. Sales were $570.20M, surpassing the $568.29M estimate but down 8.17% YoY.
The better-than-expected EPS and sales figures are positive indicators, although the YoY sales decline may temper investor enthusiasm. Overall, the beat on estimates is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100