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Sep 30, 2020
Columbia Q3 2020 Earnings Report
Columbia's financial performance was impacted by the COVID-19 pandemic, but exceeded internal forecasts due to e-commerce growth and cost containment actions.
Key Takeaways
Columbia Sportswear Company reported a decrease in net sales by 23% to $701.1 million compared to Q3 2019, primarily due to the ongoing negative effects of the COVID-19 pandemic. E-commerce net sales increased 55% year-over-year, while brick & mortar store traffic remained below prior year levels. Operating income decreased 44% to $85.6 million, and diluted earnings per share decreased 46% to $0.94.
Net sales decreased 23% to $701.1 million compared to third quarter 2019.
E-commerce net sales increased 55% year-over-year.
Operating income decreased 44% to $85.6 million.
Diluted earnings per share decreased 46% to $0.94.
Columbia
Columbia
Columbia Revenue by Geographic Location
Revenue by Geographic Location
United States Revenue
CapyFin.comLatin America and Asia Pacific Revenue
CapyFin.comEurope, Middle East and Africa Revenue
CapyFin.comCanada Revenue
CapyFin.com Forward Guidance
The company anticipates net sales between $850 to $880 million, operating income between $91 to $112 million, and diluted earnings per share between $1.07 to $1.32 for the fourth quarter of 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income