Columbia Sportswear Full Year 2023 Earnings: EPS Misses Expectations
Columbia Sportswear (NASDAQ:COLM) Full Year 2023 Results
Key Financial Results
Revenue: US$3.49b (flat on FY 2022).
Net income: US$251.4m (down 19% from FY 2022).
Profit margin: 7.2% (down from 9.0% in FY 2022).
EPS: US$4.11 (down from US$4.96 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Columbia Sportswear EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.4%.
The primary driver behind last 12 months revenue was the United States (U.S) segment contributing a total revenue of US$2.24b (64% of total revenue). Notably, cost of sales worth US$1.76b amounted to 50% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$1.42b (96% of total expenses). Explore how COLM's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Luxury industry in the US.
Performance of the American Luxury industry.
The company's shares are up 1.1% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Columbia Sportswear's balance sheet and an in-depth analysis of the company's financial position.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
