Columbia Sportswear Company experienced a decrease in its earnings for the fourth quarter of the fiscal year. The earnings, which fell short of Wall Street predictions, totaled $93.34 million or $1.55 per share. This marks a significant dip compared to last year's fourth quarter with earnings of $125.69 million or $2.02 per share.
Analysts had previously anticipated an average earning of $1.95 per share, based on data gathered by Thomson Reuters. However, such estimates commonly exclude any extraordinary items.
Revenue for the quarter also witnessed a decrease, falling by 9.4% to $1.06 billion from $1.17 billion during the corresponding period in the previous year.
The earnings of Columbia Sportswear Company, based on Generally Accepted Accounting Principles (GAAP), can be summarized as follows:
- Earnings for Q4: $93.34 million, a decrease from the $125.69 million recorded last year
- Earnings Per Share for Q4: $1.55, down from the $2.02 in the previous year
- Analysts' Average Earnings Estimate: $1.95
- Revenue for Q4: $1.06 billion, a decrease from the $1.17 billion generated last year.
