Columbia Sportswear (COLM) Tumbles on Q4 Earnings & Sales Miss
COLMColumbia(COLM) Zacks Investment Research·2024-02-02 22:41

Columbia Sportswear Company (COLM) posted soft fourth-quarter 2023 results, wherein both the top and bottom lines declined year over year and came below the respective Zacks Consensus Estimate. The company navigated a tough operating landscape in the United States, which, along with the warm winter, affected results. Shares of this Zacks Rank #4 (Sell) company were down 8.6% in the after-market trading session on Feb 1. Management expects 2024 to be a difficult year, with retailers placing orders cautiously ...