Columbia Sportswear Updates FY24 EPS From $3.65-$4.05 To $3.70-$4.05; Net Sales From $3.35B-$3.42B To $3.31B-$3.38B Vs $3.363B Est.
Portfolio Pulse from Benzinga Newsdesk
Columbia Sportswear has updated its FY24 earnings per share (EPS) guidance to a range of $3.70-$4.05, slightly increasing the lower end from the previous $3.65. However, it has lowered its net sales forecast to $3.31B-$3.38B from the previous $3.35B-$3.42B, compared to an estimate of $3.363B.
October 30, 2024 | 8:41 pm
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Columbia Sportswear has slightly increased its lower EPS guidance for FY24 but lowered its net sales forecast. This mixed update may lead to cautious investor sentiment.
The increase in the lower end of EPS guidance suggests some confidence in profitability, but the reduction in net sales forecast indicates potential challenges in revenue generation. This mixed guidance could result in a neutral short-term impact on the stock price as investors weigh the positive EPS outlook against the negative sales forecast.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100