Columbia Sportswear Second Quarter 2024 Earnings: EPS Beats Expectations

Columbia Sportswear (NASDAQ:COLM) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$570.2m (down 8.2% from 2Q 2023).
• Net loss: US$11.7m (down by 241% from US$8.35m profit in 2Q 2023).
• US$0.20 loss per share (down from US$0.14 profit in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Columbia Sportswear EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 41%.

Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Luxury industry in the US.

Performance of the American Luxury industry.

The company's shares are up 2.4% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Columbia Sportswear that you need to be mindful of.

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