Columbia Sportswear Company (COLM) reported fourth quarter earnings of $0.77 per share on $457.26 million in revenue today, crushing the consensus view for both profit ($0.64 per share) and sales ($437.09 million). But a weak first quarter forecast negated the excellent quarter, holding shares flat in extended trading.
Columbia’s net income of $26.2 million was a 13% improvement over last year’s Q4 figure, while revenue rose 28%. For the full year, Columbia’s profit rose 15% while sales grew by 19%.
Looking ahead, Columbia expects a mid-to-high single-digit increase in first quarter sales. Analysts are currently expecting the company to bring in first quarter revenue of $336.78 million, or 12.1% better than the same period last year.
Shares of COLM edged lower to $62.50 (-0.16%) in extended trading, where they carry a 1.28% dividend yield. The stock is up 50% over the last year.