Columbia Sportswear (COLM) Misses Q4 EPS by 7c, Offers FY Guidance
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Columbia Sportswear Company Reports Fourth Quarter and Record Full Year 2019 Financial Results; Provides 2020 Financial Outlook
February 6, 2020 4:05 PM ESTFourth Quarter 2019 Highlights
Net sales increased 4 percent compared to fourth quarter 2018, to a record $954.9 million. Operating income decreased 9 percent to $138.6 million and operating margin declined 210 basis points to 14.5 percent of net sales, compared to fourth quarter 2018 operating income of $152.8 million, or 16.6 percent of net sales. Compared to non-GAAP fourth quarter 2018 operating income of $154.5 million, or 16.8 percent of net sales, operating income decreased 10 percent and operating margin declined 230 basis points. Diluted earnings per share increased 2 percent to $1.67, compared to fourth quarter 2018 diluted earnings per... More