Columbia Sportswear Q3 Earnings Beat, Soft Demand Hurts Sales
Columbia(COLM) ZACKS·2024-11-01 02:46
Columbia Sportswear Company (COLM) posted third-quarter 2024 results, wherein the top and bottom lines deteriorated year over year. Earnings surpassed the Zacks Consensus Estimate but net sales missed the consensus mark. The weak sales performance resulted from reduced wholesale net sales and soft consumer demand in the United States. This was somewhat led by warm weather and outdoor category headwinds.The company has introduced the ACCELERATE Growth Strategy, which intends elevate its Columbia label and cu ...