Net sales tumbled 40% to $316.6m from $526.2m a year ago, while gross margin contracted 200 basis points to 46.2% from 48.2% last time. Most of the company’s owned stores in the United States, Japan, Europe and Canada were closed in the beginning of the second quarter. Further, net sales dropped 36% to $58.3 million in Europe/Middle East/Africa (EMEA).
However, the company noted that a few stores at a few locations that had reopened globally shut down again due to local regulations as well as safety factors.
News about Columbia Sportswear Company, including commentary and archival articles published in The New York Times.
They also assigned news stories about the textile maker a news buzz of 9.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the next few days. Sales plummeted 58%, 47% and 20% in April, May and June, respectively.In the United States, net sales fell 42% to $183.2 million. Founded in 1938 in Portland, Oregon, the company’s brands are today sold in approximately 90 countries. Columbia Sportswear shares have dropped 20% since the beginning of the year.
However, in May and June, stores started gradually reopening in these markets, and by the quarter-end, almost all company-owned stores were open worldwide.
Columbia Sportswear Company has assembled a portfolio of brands for active lives, making it a leader in the global active lifestyle apparel, footwear, accessories, and equipment industry. Columbia Sportswear Company price-consensus-eps-surprise-chart | Columbia Sportswear Company Quote. In the final minutes of trading on Thursday, shares hit $80.51, a fall of 25% in the last 12 months. Columbia Sportswear Company (NASDAQ: COLM) sells active lifestyle apparel, footwear, accessories, and equipment in 90 countries.
Feb 6, 2020. The company was founded in 1938 and owns a portfolio of brands which includes the namesake brand Columbia, Mountain Hardwear, Sorel and Prana. Columbia Sportswear Company Price, Consensus and EPS SurpriseFederated Hermes, Inc. (FHI) Q2 2020 Earnings Call TranscriptAccenture (ACN) Gains But Lags Market: What You Should KnowTilray, Inc. (TLRY) Stock Sinks As Market Gains: What You Should KnowOccidental Petroleum (OXY) Stock Sinks As Market Gains: What You Should KnowScorpio Tankers (STNG) Stock Sinks As Market Gains: What You Should KnowBill Gates: Dr. Fauci allowed to tell truth on 'some days' unless 'contradicted by his leadership'Tips for reducing long-term financial disruption amid COVID-19Here are all the big retailers saying they will now be closed on ThanksgivingEnrichHER, an investing platform, is helping women's businesses weather the shutdownUS oil giants report big losses, prepare for longer downturnPeople Fear They’ve Got Too Much Cash in Their Bank Accounts Sales declined across all brands, categories, channels and regions.
Latin America/Asia Pacific (LAAP) net sales fell 34% to $67.4 million. Columbia Sportswear Company Q4 adjusted earnings .
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