Columbia Sportswear (COLM) Tops Q3 EPS by 10c, FY EPS Guidance Falls Short of Views

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Go back to Columbia Sportswear (COLM) Tops Q3 EPS by 10c, FY EPS Guidance Falls Short of Views

Columbia Sportswear Company Reports Third Quarter and Year-to-Date Financial Results; Updates Full Year 2017 Financial Outlook

October 26, 2017 4:05 PM EDT

Third Quarter and Year-to-date 2017 Highlights:

Third quarter net sales increased less than 1 percent to $747.4 million. Third quarter net income increased 5 percent to $87.7 million, or $1.25 per diluted share, including program expenses and discrete costs of approximately $2.1 million net of tax, or $0.03 per diluted share, related to the company's "Project CONNECT" operating model assessment. Year-to-date net sales increased 2 percent to a record $1,690.1 million. Year-to-date net income increased 5 percent to $112.2 million, or $1.59 per diluted share, including program expenses and discrete costs of approximately $5.4 million net of tax, or $0.08 per diluted share, related to... More