How did Columbia Outdoor's revenue and expenses trend in Q4 2024?
4/14/2025 11:32am
**Columbia Sportswear's Revenue and Expense Trends in Q4 2024**:
1. **Revenue by Business Segment**:
- Columbia Sportswear's revenue was $2.69 billion for the segment that includes Apparel, Accessories, and Equipment.
- The company's Footwear segment contributed $681.41 million and $453.64 million in revenue.
|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|COLM|COLM.O|Columbia Sportswear|20240101-2024|Footwear|6.81408E8|185|
|COLM|COLM.O|Columbia Sportswear|20240101-2024|Footwear|4.53644E8|185|
|COLM|COLM.O|Columbia Sportswear|20240101-2024|Footwear|2.57232E8|185|
|COLM|COLM.O|Columbia Sportswear|20240101-2024|Footwear|1.50928E8|185|
|COLM|COLM.O|Columbia Sportswear|20240101-2024|Apparel,Accessories and Equipment|6.19054E8|185|
|COLM|COLM.O|Columbia Sportswear|20240101-2024|Footwear|1.50928E8|185|
|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|COLM|COLM.O|Columbia Sportswear|2023 Q4|-25.73792664492004|9.334E7|185|
|COLM|COLM.O|Columbia Sportswear|2024 Q1|-8.445521838881435|4.23E7|185|
|COLM|COLM.O|Columbia Sportswear|2024 Q2|-240.6107784431138|-1.1741E7|185|
|COLM|COLM.O|Columbia Sportswear|2024 Q3|-12.898519921165514|9.0157E7|185|
2. **Net Income**: The net income for the quarter was $102.56 million.
3. **Comparative Insights**:
- Despite a decline in net sales, the company showed resilience with strong international performance and cash flow.
- Gross Margin Outlook: Expected to expand 40 to 60 basis points to 50% to 50.2%.
- In Q3 2024, Columbia Sportswear's net sales declined 5% year-over-year, totaling $931.8 million.
- The company's net income dropped 13% to $90.2 million, and EPS decreased from $1.70 to $1.56 compared to the previous year's Q3.
4. **Strategic Initiatives**:
- Columbia Sportswear is implementing a profit improvement program expected to deliver between $75 million and $90 million in cost savings.
- The company has a strong balance sheet with over $710 million in cash and short-term investments and no debt.
- The ACCELERATE Growth Strategy aims to boost brand presence and attract a younger, active audience.
5. **Market Challenges and Outlook**:
- The company faces external risks and uncertainties, including geopolitical conflicts, supply chain disruptions, and potential impacts from upcoming elections in major markets.
- Despite current challenges, Columbia Sportswear remains committed to achieving profitable growth through strategic investments and enhanced consumer experiences.
In conclusion, Columbia Sportswear's Q4 2024 financials reflect a company that is navigating challenges with strong international growth and cash flow, despite a decline in net sales and a contraction in gross margin. The company's strategic initiatives and resilient financial position are indicative of its commitment to long-term growth and profitability.