-=Columbia Sportswear (COLM) reported earnings on Thur 26 Oct 2017 (a/h)

Columbia Sportswear beats by $0.10, beats on revs; lowers FY17 EPS guidance below consensus, reaffirms FY17 revs guidance 

• Reports Q3 (Sep) earnings of $1.25 per share, $0.10 better than the Capital IQ Consensus of $1.15; revenues rose 0.2% year/year to $747.37 mln vs the $735.67 mln Capital IQ Consensus.
  • 20 percent net sales growth in the EMEA region (15 percent constant-currency), to $87.5 million, including a net sales increase of more than 20 percent (high-teen percent constant-currency) in the company's European wholesale and direct-to-consumer businesses, and a low-double-digit percentage increase in net sales to EMEA distributors;
  • 9 percent net sales growth in the LAAP region (11 percent constant-currency), to $123.0 million, reflecting increased net sales to LAAP distributors and increased net sales in China and Korea, partially offset by a small net sales decline in Japan; and
  • 8 percent net sales growth in Canada (4 percent constant-currency), to $80.9 million;
  • contributions to growth were partially offset by a 6 percent net sales decline in the U.S. to $456.0 million, consisting of a low-double-digit percentage decline in wholesale net sales, partially offset by low-double-digit percentage growth in direct-to-consumer net sales.
• Co lowers guidance for FY17, sees EPS of $2.60 - $2.70 from $2.74 - $2.84 vs. $2.81 Capital IQ Consensus Estimate; reaffirms FY17 revs of ~$2.45 bln vs. $2.44 bln Capital IQ Consensus Estimate.
  • Gross margin expected to improve to 46.9% from 46.7% one year ago