Columbia Sportswear (COLM) Reports In-Line Q3 EPS, FY EPS Guidance Comes in Light
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Columbia Sportswear Company Reports Third Quarter and Year-to-Date 2016 Financial Results; Updates Full Year 2016 Financial Outlook
October 27, 2016 4:06 PM EDTThird Quarter and Year-to-Date 2016 Highlights:
Third quarter net sales decreased 3 percent to $745.7 million. Third quarter net income totaled $83.6 million, or $1.18 per diluted share. Year-to-date net sales increased 2 percent (3 percent constant-currency) to a record $1,659.6 million. Year-to-date net income decreased 3 percent to $107.2 million, or $1.52 per diluted share. The board of directors approved a 6 percent increase in the quarterly dividend to $0.18 per share.Updated Fiscal Year 2016 Financial Outlook:
Approximately 4 percent net sales growth, including less than 1... More