Columbia Sportswear (COLM) cuts Q4 expectations as the maker of active outdoor apparel's net...
Wednesday, January 16, 5:30 PM ETColumbia Sportswear (COLM) cuts Q4 expectations as the maker of active outdoor apparel's net sales were hurt by mild winter weather during most of the holiday shopping season, leading to lower customer traffic in key markets and a more promotional environment. For the quarter, the company now expects revenue to be in the range of $37M to $40M, with a net sales decline of 5% to $499Mto $503M. Estimates back in October were for around $44M in revenue and net sales growth of as much as 1.5%. Shares -9% AH.
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