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BRIEF-Columbia Sportswear Reports Q4 Sales $915.7 Million

· 02/04/2021 16:12
BRIEF-Columbia Sportswear Reports Q4 Sales $915.7 Million

- Columbia Sportswear Co COLM.O:

  • MPANY REPORTS FOURTH QUARTER 2020 FINANCIAL RESULTS AND PROVIDES FULL YEAR 2021 FINANCIAL OUTLOOK; ANNOUNCES QUARTERLY DIVIDEND AND $400 MILLION INCREASE IN SHARE REPURCHASE AUTHORIZATION

  • Q4 EARNINGS PER SHARE $1.44

  • Q4 SALES $915.7 MILLION VERSUS REFINITIV IBES ESTIMATE OF $866.9 MILLION

  • Q4 EARNINGS PER SHARE ESTIMATE $1.24 -- REFINITIV IBES DATA

  • SEES FY NET SALES OF $2.95 TO $3.00 BILLION, REPRESENTING A NET SALES GROWTH OF 18.0 TO 20.0 PERCENT

  • AS OF DECEMBER 31, 2020, INVENTORIES DECREASED 8 PERCENT TO $556.5 MILLION, COMPARED TO $606.0 MILLION AT DECEMBER 31, 2019

  • SEES FY OPERATING INCOME OF $320 TO $346 MILLION, REPRESENTING OPERATING MARGIN OF 10.8 TO 11.5 PERCENT

  • SEES FY DILUTED EARNINGS PER SHARE OF $3.75 TO $4.05

  • ON JANUARY 29, 2021, BOARD OF DIRECTORS APPROVED $400 MILLION INCREASE IN SHARE REPURCHASE AUTHORIZATION

  • ON JANUARY 29, 2021, BOARD OF DIRECTORS APPROVED A QUARTERLY DIVIDEND AT ITS PRE-PANDEMIC LEVEL OF $0.26 PER SHARE

Source text for Eikon: ID:nBw6252SHa

Further company coverage: COLM.O


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