Columbia Sportswear (COLM) Reports Q2 Loss, Hurt by Low Demand
Columbia(COLM) ZACKS·2024-07-26 21:45
Columbia Sportswear Company (COLM) posted second-quarter 2024 results, with the top and the bottom line deteriorating year over year. The quarterly loss was narrower than the Zacks Consensus Estimate, but net sales missed the consensus mark.The company has been facing a tough U.S. market, marked by sluggish consumer demand and cautious retailers. However, internationally, the company is seeing strong product demand in most global markets, including China and its Europe-direct business. Management reaffirmed ...