Columbia Sportswear (COLM) Tops Q2 EPS by 2c
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Columbia Sportswear Company Reports Second Quarter and First Half 2020 Financial Results and Provides COVID-19 Impacts and Response Update
July 30, 2020 4:05 PM EDTSecond Quarter 2020 Financial Results
Lower net sales and profitability in second quarter 2020 compared to second quarter 2019 primarily reflect the negative impact of temporary store closures, including our wholesale customers' stores, and lower consumer demand resulting from the ongoing COVID-19 pandemic.
Net sales decreased 40 percent to $316.6 million, compared to second quarter 2019. In the direct-to-consumer channel, e-commerce net sales increased 72 percent year-over-year, partially offsetting brick & mortar store traffic and sales trends that remained well below pre-pandemic levels. Loss from operations of $70.3 million, or... More