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Columbia Sportswear Company Message Board

  • dragonkrys dragonkrys Apr 29, 2005 12:19 AM Flag

    Conference call thoughts

    Well it's clear that US outerwear and northern Europe are the primary sources of the backlog problem. Tim reiterated in the call that the three contributing factors in order of importance are weather (last winter was warm), competition (private label, etc.), and product (selection was too limited). The bad news is that the US outerwear weakness was pretty much across the board, not specific to any style or channel. The good news is that other business sounds good, including footwear and international markets as well as the Sorel and Mountain Hardwear brands. Management seems to have confidence that this is a one-time setback and said long-term growth in the high-teens is still expected. The stock is probably dead money for a while, but whatever hit it takes could make a good longer term entry point.

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