HighGravityDataColumbia Sportswear — Oct 30, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001050797-24-000142
Showing in the filing
Diluted earnings per share
“$3.70 to $4.05 (prior $3.65 to $4.05)”
Period
FY2024
Measure
GAAP-tied
Source
Prose
All guidance in this release · 23
Share repurchase authorization increase
“$600 million”
Net sales for FY2024
“$3.31 to $3.38 billion (prior $3.35 to $3.42 billion)”
Operating income for FY2024
“$257 to $284 million (prior $256 to $288 million)”
Operating margin for FY2024
“7.7 to 8.4 percent”
Diluted earnings per share for FY2024
“$3.70 to $4.05 (prior $3.65 to $4.05)”
Quarterly cash dividend for Q4 FY2024
“$0.30 per share”
Gross margin expansion for FY2024
“40 to 90 basis points (prior 40 to 60 basis points)”
Gross margin for FY2024
“50.0 to 50.5 percent of net sales (prior 50.0 to 50.2 percent)”
SG&A expenses (% of net sales) for FY2024
“42.8 to 43.0 percent”
SG&A expenses, as a percent of net sales for FY2024
“42.8 to 43.0 percent (prior 42.4 to 43.0 percent)”
Interest income, net for FY2024
“approximately $30 million (prior $28 million)”
Effective income tax rate for FY2024
“24.0 to 25.0 percent”
Net income for FY2024
“$217 to $238 million (prior $215 to $239 million)”
Weighted average diluted shares outstanding for FY2024
“approximately 58.7 million (prior 59.3 million)”
Foreign currency translation impact on net s… for FY2024
“modestly unfavorable impact on full year net sales”
Foreign currency impact on diluted earnings … for FY2024
“approximately $0.01 negative impact on diluted earnings per share (prior $0.07)”
Operating cash flow for FY2024
“at least $300 million (prior $350 million)”
Capital expenditures for FY2024
“$60 to $70 million (prior $60 to $80 million)”
Net sales for Q4 FY2024
“$1,040 to $1,110 million”
Operating income for Q4 FY2024
“$123 to $151 million”
Operating margin for Q4 FY2024
“11.8 to 13.6 percent”
Diluted earnings per share for Q4 FY2024
“$1.68 to $2.03”
Global wholesale net sales growth for FY2025
“mid-single-digit percent growth”
Exhibit 99.1 · the passage around this item
… earlier in the release
• Net sales of $3.31 to $3.38 billion (prior $3.35 to $3.42 billion), representing a net sales decline of 5.0 to 3.0 percent (prior 4.0 to 2.0 percent) compared to 2023. • Operating income of $257 to $284 million (prior $256 to $288 million), representing operating margin of 7.7 to 8.4 percent (unchanged). • Diluted earnings per share of $3.70 to $4.05 (prior $3.65 to $4.05). PORTLAND, Ore. - October 30, 2024 - Columbia Sportswear Company (NASDAQ: COLM, the "Company"), a multi-brand global leading innovator in outdoor, active and lifestyle products including apparel, footwear, accessories, and equipment, today announced third quarter 2024 financial results for the period ended September 30, 2024. Chairman, President and Chief Executive Officer Tim Boyle commented, “Third quarter results reflect ongoing strength in most international markets, offset by continued softness in North America. While warm weather has curbed early season demand for Fall 2024 cold weather product, I’m excited about the differentiated innovations we are offering consumers, including Omni-Heat Infinity and Omni-Heat Arctic, as well as the lightweight comfort provided by our Omni-Max footwear platform. “In recent months, the Columbia brand embarked on ACCELERATE, a growth strategy intended to elevate the brand and attract younger and more active consumers. This multi-year strategy will be centered around several consumer-centric shifts across our brand, product and marketplace strategies. I’m confident the ACCELERATE Growth Strategy will enable brand-right
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.