Columbia Sportswear (COLM) Tops Q2 EPS by 24c
Columbia Sportswear (NASDAQ: COLM) reported Q2 EPS of $0.14, $0.24 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $481.6 million versus the consensus estimate of $445.62 million.
GUIDANCE:
Columbia Sportswear sees FY2018 EPS of $3.37-$3.47, versus the consensus of $3.35.
Updated Full Year 2018 Financial Outlook Summary
| Full Year 2018 (U.S. Dollar) | ||||
| GAAP | Non-GAAP* | |||
| Net sales growth | 9.0% to 10.5% | 7.5% to 9.0% | ||
| Gross margin expansion | up to 140 bps | up to 60 bps | ||
| SG&A expense deleverage | 120 bps to 140 bps | 20 bps to 40 bps | ||
| Licensing Income | up to $15.0 million | up to $15.0 million | ||
| Income from operations | $286 to $295 million | $306 to $315 million | ||
| Operating margin | 10.6% to 10.8% | 11.5% to 11.7% | ||
| Effective income tax rate | approximately 22%** | approximately 22%** | ||
| Net income | $223 to $230 million | $239 to $246 million | ||
| Diluted earnings per share | $3.15 to $3.25 | $3.37 to $3.47 | ||
For earnings history and earnings-related data on Columbia Sportswear (COLM) click here.