Reports Q3 revenue $985.7M, consensus $994.82M. Chairman, President and Chief Executive Officer Tim Boyle commented, “Third quarter performance was led by international-direct markets, with Canada, Europe-direct and China all delivering over 20 percent year-over-year growth in constant currency. In the U.S., the marketplace remains challenging, but we are making meaningful progress on our inventory reduction plan, with inventory exiting the quarter down 16 percent year-over-year. As we enter our peak selling season, we have numerous activations across our brand portfolio to engage consumers and drive sales, including product collaborations, pop-up shops and continued momentum in Columbia’s Omni-Heat Infinity collection.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on COLM:
- TD Cowen retail/consumer brands analyst holds analyst/industry conference call
- Columbia Sportswear scouting factories in Central America, NY Times reports
- COLM Earnings this Week: How Will it Perform?
- Columbia Sportswear downgraded to Neutral from Buy at Seaport Research
- Academy Sports Stock (NASDAQ:ASO): A Diamond in the Retail Rough