Columbia Sportswear Beats on EPS but GAAP Results Lag
Columbia Sportswear (NAS: COLM) reported earnings on April 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Columbia Sportswear met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged and GAAP earnings per share contracted significantly.
Margins dropped across the board.
Columbia Sportswear notched revenue of $333.1 million. The 14 analysts polled by S&P Capital IQ foresaw revenue of $337.0 million on the same basis. GAAP reported sales were 0.0% higher than the prior-year quarter's $333.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.19. The 15 earnings estimates compiled by S&P Capital IQ averaged $0.08 per share. GAAP EPS of $0.11 for Q1 were 70% lower than the prior-year quarter's $0.37 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 44.4%, 50 basis points worse than the prior-year quarter. Operating margin was 1.6%, 380 basis points worse than the prior-year quarter. Net margin was 1.2%, 260 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $276.1 million. On the bottom line, the average EPS estimate is -$0.45.
Next year's average estimate for revenue is $1.74 billion. The average EPS estimate is $3.11.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 494 members out of 538 rating the stock outperform, and 44 members rating it underperform. Among 199 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 188 give Columbia Sportswear a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Columbia Sportswear is hold, with an average price target of $51.60.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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