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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.
Revenue by Geographic Location
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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