Columbia updates guidance
Latest announcement raises forecast
Columbia has updated its FY18 earnings guidance.
The company provided earnings per share (EPS) guidance of $3.17-3.27 for the period, compared to the Thomson Reuters consensus estimate of $3.14. The company issued revenue guidance of +5.5-7.5 per cent to $2.60-2.65bn compared to the consensus revenue estimate of $2.58bn.
The firm eported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.16. Columbia Sportswear had a net margin of 4.26 per cent and a return on equity of 12.65 per cent. The company had revenue of $776m for the quarter, compared to analyst estimates of $762.18m. During the same period last year, the business posted $1.20 EPS. The business’s quarterly revenue was up 8.2 per cent on a year-over-year basis. research analysts predict that Columbia Sportswear will post 3.25 EPS for the current fiscal year.