Cowen Raises Price target on Columbia Sportswear (COLM) to $75 Following 2Q15 EPS Beat
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Columbia Sportswear Company Second Quarter Net Sales Increase 17 Percent; Raises Full Year Earnings Outlook to 17 to 22 Percent Growth
July 30, 2015 4:00 PM EDTSecond Quarter 2015 Highlights:
Net sales increased $56.0 million, or 17 percent (21 percent constant-dollar), to a second-quarter record $380.2 million. Net loss totaled $6.5 million, or $(0.09) per share, compared with a net loss of $6.3 million, or $(0.09) per share, in the second quarter of 2014. The board of directors approved a regular quarterly cash dividend of $0.15 per share, payable on September 3, 2015 to shareholders of record on August 20, 2015.Fiscal Year 2015 Outlook Raised to Anticipate:
Low double-digit net sales growth (mid-teen constant-dollar); High-teen percentage growth in operating... More