Columbia Sportswear (COLM) Cuts Q4 Guidance
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Price: $57.42 -0.64%
Financial Fact:
Income tax benefit (expense): 3.22M
Today's EPS Names:
SVBT, ZEO, OTLK, More
Financial Fact:
Income tax benefit (expense): 3.22M
Today's EPS Names:
SVBT, ZEO, OTLK, More
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Columbia Sportswear Co (NASDAQ: COLM) now expects to report fourth quarter net sales of approximately $499.0 - $503.0 million, a decline of approximately 5 percent compared with fourth quarter 2011 net sales of $526.1 million. Prior fourth quarter outlook anticipated net sales growth of up to 1.5 percent. The Wall Street consensus is $533.8 million.
The company said net sales were hampered by a combination of mild winter weather in North America during most of the holiday shopping period, general consumer caution and reduced retail traffic in key markets, and a more promotional environment.
The company said net sales were hampered by a combination of mild winter weather in North America during most of the holiday shopping period, general consumer caution and reduced retail traffic in key markets, and a more promotional environment.
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