Columbia Sportswear sees ‘challenging' year ahead, as retailers slow to fill orders
Columbia(COLM) Market Watch·2024-02-02 06:03
Columbia Sportswear Co.’s stock dropped more than 10% in the extended session Thursday after the apparel maker called for a “challenging” year ahead as retailers remain cautious about placing orders and a warm U.S. winter has hampered sales. Columbia’s COLM, +3.55% fourth-quarter sales fell 9% to 1.08 billion. The company also missed profit expectations for the quarter. The maker of outdoor apparel, footwear and other products said that retailers “ar ...