Columbia Sportswear Had A 2.8% Decline In The Three Quarter Compared With The Same Period Last Year.

motion

The company released its three quarter earnings before Friday. The company recorded a $1.18 earnings per share in the three quarter of September 30, 2016, down from 1.28 US dollars in the same period last year, but still surpassing Zacks's expected $1.17.

In the earnings report, the

The group also renewed its annual forecast.

In the three quarter, Columbia Sportswear Co. Columbia sportswear company recorded a revenue of US $745 million 700 thousand, a decrease of 2.8% yen compared with 767 million 600 thousand US dollars in the same period last year, lower than Zacks's expected US $765 million 900 thousand, and net profit of 83 million 585 thousand US dollars, down 8.2% from the 91 million 61 thousand US dollars in the same period last year.

The wholesale business was particularly depressed, with a low double-digit decline, while retail income increased by a median figure of $75 million 200 thousand, while the Canadian market revenue fell to 3% US dollars in the EMEA market, and the sales in the EMEA market increased to 73 million US dollars in the same period, while the retail market in the EMEA market was also weaker than that in the wholesale market. The retail sales growth of nearly 30% offset the decline in wholesale income over 30%; the sales in the market increased by 3% to 1.127 billion dollars, of which the Japanese market was weak, and the fixed exchange rate declined by a single digit. Only the strong yen pushed the median double-digit increase in real incomes. The US market remained weak in the three quarter, and sales fell by 6% to 4.848.

According to the brand, the group's brand name Columbia income fell 4% to 587 million 300 thousand dollars; SORE income increased 2% to 87 million 600 thousand dollars; prAna income rose 11% to 38 million 100 thousand US dollars; Mountain Hardwear brand income fell 12% to 30 million 500 thousand dollars.

Columbia Sportswear Co., Columbia sports apparel company now expects net profit of $180 million to US $-1.875 billion, or US $2.55 US $-2.65 per share, lower than the previous US $184 million - US $2.60 and US $2.60 - US $2.70 per share.

The group also expects annual sales to grow by 4%.

On Friday, Columbia sportswear company reported $57.94, up 3.11%.