Columbia Sportswear (COLM) Tops Q3 EPS by 19c, Updates FY Guidance
Columbia Sportswear (NASDAQ: COLM) reported Q3 EPS of $1.28, $0.19 better than the analyst estimate of $1.09. Revenue for the quarter came in at $767.6 million versus the consensus estimate of $738.73 million.
Columbia Sportswear sees FY2015 EPS of $2.32-$2.37, versus the consensus of $2.35.
- Approximately 10.5 percent net sales growth (14.5 percent constant-currency).
- Approximately 20 percent to 23 percent growth in operating income, generating operating margin of approximately 10.4 percent to 10.5 percent of net sales.
- Net income between $165 million and $169 million, or $2.32 to $2.37 per diluted share, 20 percent to 23 percent higher than 2014 net income of $137.2 million, or $1.94 per diluted share.
For earnings history and earnings-related data on Columbia Sportswear (COLM) click here.