Columbia Sportswear Co (COLM) Q3 2024 Earnings Call Highlights: Navigating Challenges with ...

GuruFocus.com10-31

Net Sales: $932 million, declined 5% year over year. Gross Margin: Expanded 150 basis points to 50.2%. SG&A Expenses: Increased 3%. Operating Income: Came in above guidance range. Cash and Short-term ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nColumbia Sportswear Co (COLM) Q3 2024 Earnings Call Highlights: Navigating Challenges with ...\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-31 15:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/columbia-sportswear-co-colm-q3-071928207.html><strong>GuruFocus.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Net Sales: $932 million, declined 5% year over year.\nGross Margin: Expanded 150 basis points to 50.2%.\nSG&A Expenses: Increased 3%.\nOperating Income: Came in above guidance range.\nCash and Short-term ...</p>\n\n<a href=\"https://finance.yahoo.com/news/columbia-sportswear-co-colm-q3-071928207.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"COLM","symbol_name":"哥伦比亚户外","start_time":0,"source_url":"https://finance.yahoo.com/news/columbia-sportswear-co-colm-q3-071928207.html","article_id":"2479387722","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/G5S5isQy0dvFSpDDFZLkLw--~B/aD0yNTY7dz0yNTY7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/us.finance.gurufocus/e7cbd5a8721b1b44a516beb3d12df397"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479387722","pubTimestamp":1730359168,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Net Sales: $932 million, declined 5% year over year.Gross Margin: Expanded 150 basis points to 50.2%.Cash and Short-term Investments: Over $370 million, with no debt.Operating Cash Flow: On track to generate over $300 million this year.Share Repurchases: Totaled $231 million for the first three quarters.U.S. Net Sales: Decreased 10%, with mid-teens percent decrease in wholesale.International Sales: Latin America Asia Pacific net sales increased 18%; Europe, Middle East, and Africa net sales increased 10%.2024 Financial Outlook: Net sales expected to decline 3 to 5%; gross margin to expand 40 to 90 basis points; SG&A expected to be 42.8 to 43% of sales; operating margin of 7.7 to 8.4%.Diluted EPS Guidance: Raised to $3.70 to $4.05.GuruFocus has detected 2 Warning Sign with COLM.Columbia Sportswear Co  has launched a new growth strategy, 'Accelerate,' aimed at elevating the brand and attracting younger, more active consumers, which is expected to drive long-term profitable growth.Columbi","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"COLM":"哥伦比亚户外"},"translate_title":"哥伦比亚运动服装公司(COLM)2024年第三季度收益看涨期权亮点：应对挑战...","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COLM":1},"content_text":"Net Sales: $932 million, declined 5% year over year.\nGross Margin: Expanded 150 basis points to 50.2%.\nSG&A Expenses: Increased 3%.\nOperating Income: Came in above guidance range.\nCash and Short-term Investments: Over $370 million, with no debt.\nOperating Cash Flow: On track to generate over $300 million this year.\nShare Repurchases: Totaled $231 million for the first three quarters.\nNew Share Buyback Authorization: $600 million approved.\nU.S. Net Sales: Decreased 10%, with mid-teens percent decrease in wholesale.\nInternational Sales: Latin America Asia Pacific net sales increased 18%; Europe, Middle East, and Africa net sales increased 10%.\nChina Net Sales: Increased low 20%.\nJapan Net Sales: Increased double-digit percent.\nKorea Net Sales: Increased mid-single-digit percent.\nCanada Net Sales: Decreased 19%.\nColumbia Brand Net Sales: Decreased 1%.\nMountain Hardware Net Sales: Increased 2%.\nPrana Net Sales: Decreased 7%.\nSorel Brand Net Sales: Decreased 39%.\n2024 Financial Outlook: Net sales expected to decline 3 to 5%; gross margin to expand 40 to 90 basis points; SG&A expected to be 42.8 to 43% of sales; operating margin of 7.7 to 8.4%.\nDiluted EPS Guidance: Raised to $3.70 to $4.05.\n\n\nWarning! GuruFocus has detected 2 Warning Sign with COLM.\n\nRelease Date: October 30, 2024\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.\n Positive Points \n\nColumbia Sportswear Co (NASDAQ:COLM) exceeded its diluted earnings per share guidance range due to better-than-expected gross margin and disciplined expense management.\nThe company maintains a strong financial position with over $370 million in cash and short-term investments and no debt.\nColumbia Sportswear Co (NASDAQ:COLM) is on track to generate over $300 million in operating cash flow this year.\nThe company is experiencing positive momentum in its China and Europe direct businesses, with significant growth in these regions.\nColumbia Sportswear Co (NASDAQ:COLM) has launched a new growth strategy, 'Accelerate,' aimed at elevating the brand and attracting younger, more active consumers, which is expected to drive long-term profitable growth.\n\n Negative Points \n\nNet sales declined 5% year over year, driven by a 9% decline in global wholesale net sales.\nThe North American outdoor marketplace remains challenged, with a 10% decrease in US net sales.\nThe Sorell brand experienced a significant 39% decrease in net sales due to lower fall orders and elevated clearance and promotional sales activity in the prior year.\nThe company is facing external risks and uncertainties, including geopolitical conflicts, supply chain disruptions, and potential impacts from the upcoming US elections.\nColumbia Sportswear Co (NASDAQ:COLM) has reduced its net sales outlook for the year, anticipating a 3 to 5% decline.\n\n Q & A Highlights \nQ: Can you elaborate on the Accelerate growth strategy and how you plan to attract younger consumers? A: Timothy Boyle, CEO, explained that younger consumers are already familiar with the brand internationally, and the goal is to engage them more domestically. The strategy involves new marketing leadership and a creative agency to emphasize a humorous and irreverent brand personality, aiming to differentiate and attract these consumers.\nQ: What is driving the expected mid-single-digit wholesale growth in the first half of 2025? A: Timothy Boyle, CEO, noted that the growth will be more balanced across regions, with improvements in the US market as retailers become more confident in placing orders. Jim Swanson, CFO, added that pricing has largely been held steady, and the growth is expected to follow the overall first-half expectations.\nQ: How do you plan to manage SG&A expenses and improve margins in the coming years? A: Timothy Boyle, CEO, emphasized the focus on growing the top line while controlling costs. Jim Swanson, CFO, mentioned the profit improvement program aimed at reducing supply chain costs and streamlining operations to achieve a more appropriate SG&A level while supporting growth initiatives.\nQ: Can you discuss the current promotional environment and its impact on gross margins? A: Jim Swanson, CFO, stated that while the promotional environment remains strong, the company has accounted for this in their guidance. The improvement in gross margins is attributed to cleaner inventory and reduced closeout sales, with expectations for promotions to continue into the holiday season.\nQ: What is Columbia Sportswear's exposure to potential China tariffs, and how are you mitigating this risk? A: Timothy Boyle, CEO, explained that the company has strategically reduced its sourcing from China, with only a small percentage of goods imported from there. Jim Swanson, CFO, added that footwear sourcing from China is about 20%, and apparel is in the low single digits, minimizing tariff exposure.\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.This article first appeared on \nGuruFocus.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2479387722"}