Columbia Sportswear ( NASDAQ:COLM ) First Quarter 2024 Results Key Financial Results Revenue: US$770.0m (down 6.2% from...
Shares of outerwear manufacturer Columbia Sportswear (NASDAQ:COLM) jumped 10.6% in the pre-market session after the company reported a "beat and raise" quarter. First-quarter results blew past analysts 'EPS expectations, and revenue also came in ahead of consensus estimates. However, near-term sales demand is likely to be pressured as the company called out a challenging market in North America due to inflation. Looking ahead, full-year EPS guidance was raised and is above Wall Street's estimate
Columbia Sportswear's (COLM) first-quarter 2024 results reflect the impacts of soft demand and a tough operating environment. However, management raises the 2024 EPS view.