Key Developments: Columbia Sportswear Co (COLM.O)
61.93USD
19 Jun 2013
$-0.07 (-0.11%)
$62.00
$61.78
$62.53
$61.75
136,427
81,640
$62.99
$47.72
Latest Key Developments (Source: Significant Developments)
Columbia Sportswear Co Lowers FY 2013 Revenue Guidance; Issues Q2 2013 Revenue Guidance Below Analysts' Estimates
Columbia Sportswear Co announced that for fiscal 2013, it expects net sales to slightly decline compare to fiscal 2012 net sales of $1.67 billion. For second quarter of 2013, it expects net sales to decline approximately 4% to 6% comparable to net sales of $290.4 million in the second quarter of 2012. According to I/B/E/S Estimates, analysts expect the Company to report revenue of $1.68 billion for fiscal 2013; revenue of $289.7 million for second quarter of 2013. Full Article
Columbia Sportswear Co Declares Quarterly Dividend
Columbia Sportswear Co announced that the board of directors approved a quarterly dividend of $0.22 per share, payable on May 30, 2013 to shareholders of record on May 16, 2013. Full Article
Columbia Sportswear Co Announces Final Disposition of Lawsuit Filed by Innovative Sports of Eugene
Columbia Sportswear Co announced the final disposition of the lawsuit filed by Innovative Sports of Eugene, Oregon. Innovative Sports voluntarily dismissed all claims against Columbia and provided written assurances that no future claims would be made against Columbia. Columbia made no payment to Innovative Sports. During the first nine months of the litigation, Innovative Sports received multiple extensions of time to replead its claims and was forced to replace its lawyers numerous times after its lawyers withdrew from the case. On March 22, 2013, the Lane County Circuit Court dismissed five of the six claims against Columbia, including false allegations that Columbia misappropriated trade secrets. On April 12, 2013, Columbia filed a motion for summary judgment and submitted overwhelming evidence to the court, showing that the remaining claim was based on false allegations. Within hours of Columbia's court filing, Innovative Sports requested Columbia's stipulation to the dismissal of the case. A written agreement was finalized on April 15, 2013 and the court dismissed the case on April 16, 2013. Full Article
Columbia Sportswear Co Issues FY, Q1 2013 Revenue Guidance Below Analysts' Estimates
Columbia Sportswear Co announced that for fiscal 2013, it expects net sales comparable to fiscal 2012 net sales of $1.67 billion. For first quarter of 2013, net sales comparable to net sales of $333.1 million in the first quarter of 2012. According to I/B/E/S Estimates, analysts expect the Company to report revenue of $1.73 billion for fiscal 2013; revenue of $342.5 million for first quarter of 2013. Full Article
Columbia Sportswear Co Approves First Quarter Dividend
Columbia Sportswear Co announced that the board of directors approved a first quarter dividend of $0.22 per share, payable on March 6, 2013 to shareholders of record on February 21, 2013. Full Article
Columbia Sportswear Co Lowers Q4 2012 Revenue Guidance; Issues Q4 2012 Net Income Guidance Below Analysts' Estimates
Columbia Sportswear Co announced that for the fourth quarter of 2012, it expects net sales of approximately $499.0 - $503.0 million, operating income of approximately $47.0 to $52.0 million and net income of between approximately $37.0 million to $40.0 million, including a lower than expected income tax rate. According to I/B/E/S Estimates, analysts expect the Company to report revenue of $533.8 million net income of $44.47 million for the fourth quarter of 2012. Full Article
Columbia Sportswear Co Updates FY 2012 Revenue Guidance; Issues Q4 2012 Revenue Guidance Below Analysts' Estimates
Columbia Sportswear Co announced that it currently expects fiscal 2012 net sales of approximately $1.7 billion. For the fourth quarter of 2012, the Company expects net sales to increase up to 1.5% from net sales of $526.1 million in the fourth quarter of 2011. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $1.7 billion for fiscal 2012 and revenue of $544 million for the fourth quarter of 2012. Full Article
Columbia Sportswear Co Declares Fourth Quarter Dividend
Columbia Sportswear Co announced that the board of directors approved a fourth quarter dividend of $0.22 per share, payable on November 29, 2012 to shareholders of record on November 15, 2012. Full Article
Columbia Sportswear Company And Swire Pacific Limited's Subsidiary To Form Joint Venture In China
Columbia Sportswear Company announced that it has entered into an agreement to form a joint venture with Swire Resources Ltd. designed to expand the position of the Company’s Columbia brand and to further establish and grow the Mountain Hardwear brand in China. Swire Resources Ltd., a subsidiary of Swire Pacific Limited, has operated as Columbia Sportswear’s exclusive independent distributor of Columbia and Mountain Hardwear branded products in China since 2004, and in Hong Kong and Macau since 2002. The new joint venture is expected to begin operations January 1, 2014 with headquarters in Shanghai. Columbia will own 60% of the JV; Swire will own 40%, with profits and losses shared in similar proportions. The joint venture carries an initial term of 20 years and includes a provision for the purchase or sale of the minority interest any time after the fifth year. Full Article
Columbia Sportswear Company Reaffirms FY 2012 Revenue Guidance; Comments On Q3 2012 Revenue Guidance
Columbia Sportswear Company announced that it continues to expect sales growth of up to 1% in fiscal 2012. The Company expects a mid-single digit decline in third quarter 2012 net sales, primarily due to the timing shift of shipments to distributors in the second quarter and an anticipated decline in third quarter wholesale net sales, partially offset by higher direct-to-consumer sales. The Company reported revenue of $1.694 billion in fiscal 2011. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $556 million for the third quarter of 2012; revenue of $1.710 billion for fiscal 2012. Full Article
Columbia Sportswear estimates lower 4th-qtr revenue
Jan 16 - Columbia Sportswear Co said fourth-quarter sales were likely to be below its previous expectations due to low retail traffic and a mild winter in North America, sending its shares down 9 percent after the bell.
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