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February 18, 2014
06:32 EDTWWWWolverine World Wide reports Q4 adjusted EPS 22c, consensus 20c
Reports Q4 revenue $740.8M, consensus $743.93M.
News For WWW From The Last 14 Days
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February 12, 2016
12:12 EDTWWWColumbia Sportswear soars after results, guidance top estimates
Shares of Columbia Sportswear (COLM), a provider of active lifestyle apparel and accessories, are rallying after the company's fourth quarter results topped analysts' consensus estimates. Additionally, the company issued guidance for fiscal year 2016 that was above estimates. WHAT'S NEW: After the close yesterday, Columbia Sportswear reported Q4 earnings per share of 90c and revenue of $699.4M, beating analysts' consensus estimates of 76c and $684.6M, respectively. Net operating income and sales were both records for the company in the quarter, it said. GUIDANCE: Looking ahead to FY16, Columbia Sportswear forecast EPS of $2.55-$2.65, versus estimates of $2.55. The company also forecast mid-single-digit net sales growth for the fiscal year, including approximately 1 percentage point negative effect from changes in currency exchange rates, compared analysts' estimates of $2.45B. The company said it expects FY16 gross margins to improve by up to 40 basis points and said it expects selling, general and administrative expenses to increase at a rate slightly faster than net sales, resulting in approximately 40 basis points of SG&A expense deleverage, including a planned increase in global demand-creation spend to 5.4% of sales from 5.2% in 2015. CEO COMMENTARY: Columbia Sportswear Chief Executive Officer Tim Boyle said 2015 was an "outstanding" year that included expanded operating margins and "record" net sales, and said its balance sheet provides "financial flexibility" to continue to drive sales growth and expand margins in 2016. PRICE ACTION: At midday, Columbia Sportswear rose $7.43, or 15.5%, to $55.37 on more than four times its average daily trading volume. Including the advance, the stock is up approximately 28% over the past 12 months. OTHERS TO WATCH: Other providers of active lifestyle apparel and accessories include Deckers Outdoor (DECK), up 1.2%, and Wolverine World Wide (WWW), up 2%.
February 5, 2016
10:06 EDTWWWWolverine World Wide reports Gabel resigns as President of Performance Group
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