Columbia Sportswear (COLM) Tops Q2 EPS by 69c
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Columbia Sportswear Company Reports Record Second Quarter and First Half 2021 Financial Results and Raises Full Year 2021 Financial Outlook
August 2, 2021 4:05 PM EDTFinancial Highlights
The Company generated record second quarter and first half 2021 net sales, gross margin, operating income and diluted earnings per share, exceeding pre-pandemic levels. Second quarter 2021 net sales increased 79 percent to $566.4 million, compared to second quarter 2020. Second quarter 2021 operating income of $35.0 million, or 6.2 percent of net sales, compared to a second quarter 2020 operating loss of $70.3 million, or (22.2) percent of net sales. Second quarter 2021 diluted earnings per share of $0.61, compared to a net loss per share of $(0.77) in second quarter 2020. Exited the quarter with $820.9 million in cash... More