The 10-second takeaway
For the quarter ended March 31 (Q1), Columbia Sportswear met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged and GAAP earnings per share contracted significantly.
Margins dropped across the board.
Columbia Sportswear notched revenue of $333.1 million. The 14 analysts polled by S&P Capital IQ foresaw revenue of $337.0 million on the same basis. GAAP reported sales were 0.0% higher than the prior-year quarter's $333.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.19. The 15 earnings estimates compiled by S&P Capital IQ averaged $0.08 per share. GAAP EPS of $0.11 for Q1 were 70% lower than the prior-year quarter's $0.37 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 44.4%, 50 basis points worse than the prior-year quarter. Operating margin was 1.6%, 380 basis points worse than the prior-year quarter. Net margin was 1.2%, 260 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $276.1 million. On the bottom line, the average EPS estimate is -$0.45.
Next year's average estimate for revenue is $1.74 billion. The average EPS estimate is $3.11.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 494 members out of 538 rating the stock outperform, and 44 members rating it underperform. Among 199 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 188 give Columbia Sportswear a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Columbia Sportswear is hold, with an average price target of $51.60.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.