COLUMBIA SPORTSWEAR Reports USD 620.9 Million in Revenue and USD 8.4 Million in Net Income for Q2 of FY2023
August 23, 2023
🌥️Earnings Overview
For the second quarter of fiscal year 2023, COLUMBIA SPORTSWEAR ($NASDAQ:COLM) reported total revenue of USD 620.9 million and a net income of USD 8.4 million, ending June 30 2023. This is a 7.4% increase in revenue and a 16.6% rise in net income compared to the same quarter in the prior year.
Stock Price
The company’s stock opened at $78.1 and closed at $77.3, down by 1.7% from the previous closing price of 78.6. The figures for Q2 of FY2023 have been boosted by increases in sales of apparel and footwear across all its channels, including wholesale, e-commerce, retail stores and franchise stores. The sales of apparel grew by 8% while sales of footwear went up by 7%. Despite the promising figures, COLUMBIA SPORTSWEAR witnessed a drop in its stock prices in the market. On Tuesday, its stock opened at $78.1 and closed at $77.3, down by 1.7% from last closing price of 78.6. Analysts believe that this drop is due to the current market conditions which have caused many stocks to dip in the past few months. Overall, COLUMBIA SPORTSWEAR has reported a promising set of results for Q2 of FY2023 and is well positioned to continue its growth in the near future.
However, the company will need to closely monitor the stock market volatility in order to maintain its share prices in the long run. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Columbia Sportswear. More…
| Total Revenues | Net Income | Net Margin |
| 3.57k | 291.99 | 9.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Columbia Sportswear. More…
| Operations | Investing | Financing |
| 97.14 | -119.06 | -150.71 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Columbia Sportswear. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.79k | 915.15 | 31.4 |
Key Ratios Snapshot
Some of the financial key ratios for Columbia Sportswear are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.1% | 22.2% | 11.2% |
| FCF Margin | ROE | ROA |
| 1.3% | 12.8% | 8.9% |
Analysis
At GoodWhale, we have carefully analysed the financials of COLUMBIA SPORTSWEAR to provide investors with an assessment of the company’s risk profile. Our Risk Rating analysis shows that COLUMBIA SPORTSWEAR is a medium risk investment, with potential for both reward and risk. In terms of financials, the company appears to be in a stable position and possesses a strong balance sheet. Moreover, our analysis has identified only one risk warning in the non-financial sector, though it is only visible to registered users. We urge investors to carefully consider the risks before investing in COLUMBIA SPORTSWEAR. More…
Peers
In the outdoor apparel industry, there is intense competition between Columbia Sportswear Co and its major competitors, Canada Goose Holdings Inc, Makalot Industrial Co Ltd, and Deckers Outdoor Corp. Each company is constantly trying to outdo the others in terms of product innovation, marketing, and sales. This competition is good for consumers because it drives down prices and forces the companies to continuously improve their products.
– Canada Goose Holdings Inc ($TSX:GOOS)
Canad Goose Holdings Inc is a Canada-based holding company of Goose International, Inc. (Goose International). The Company is engaged in the design, manufacture, marketing and distribution of outerwear for men, women and children. Its products include parkas, jackets, shell systems, vests, knitwear, footwear and accessories. The Company’s products are sold under various trademarks, including CANADA GOOSE, GOOSE PERSONAL CARE and EXPEDITION, among others. The Company offers products through a network of domestic and international retailers and distributors. It also operates e-commerce Websites in Canada, the United States, Europe, Asia and Japan. The Company has operations in Toronto, Winnipeg, New York, London, Munich, Shanghai and Tokyo.
– Makalot Industrial Co Ltd ($TWSE:1477)
Makalot Industrial Co Ltd is a Taiwanese company that manufactures and sells garments. It has a market cap of 46.68B as of 2022 and a ROE of 19.7%. The company has over 10,000 employees and operates in Taiwan, China, Vietnam, and the Philippines.
– Deckers Outdoor Corp ($NYSE:DECK)
Deckers Outdoor Corp is a footwear company that designs, manufactures, and markets a range of footwear products for men, women, and children under a number of brands, including UGG®, Koolaburra®, Hoka One One®, Teva®, and Sanuk®. The company has a market cap of 9.64B as of 2022 and a Return on Equity of 23.34%.
Summary
COLUMBIA SPORTSWEAR reported strong financial performance in the second quarter of FY2023, with total revenue of USD 620.9 million and net income of USD 8.4 million. This represented a 7.4% and 16.6% increase respectively compared to the same quarter last year. This promising performance is likely to attract investors, given that COLUMBIA SPORTSWEAR is expected to maintain its growth momentum in the coming quarters.
Additionally, the company’s product offerings are highly differentiated from competitors, providing investors with a diversified portfolio. Therefore, COLUMBIA SPORTSWEAR is a sound option for investors looking for long-term growth opportunities.
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