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Columbia Sportswear Co Issues Q3, FY 2013 Revenue Guidance In Line With Analysts' Estimates; Declares Quarterly Dividend

Thursday, 25 Jul 2013 04:00pm EDT 

Columbia Sportswear Co announced for fiscal 2013, it expects net sales to decline up to 2.5% compared to 2012, including an approximate 2% point negative effect of anticipated changes in foreign currency exchange rates. For the third quarter of 2013, it expects net sales to decline up to 6.5% compared with the third quarter of 2012, driven by lower wholesale sales in the U.S. and Europe, due primarily to a slight shift in customers' requested delivery dates and lower advance orders, and lower sales to LAAP distributors, due primarily to import restrictions and currency constraints in key South American distributor markets and the transition to a new distributor in Australia. The Company reported revenues of $545 million in the third quarter of 2012 and revenues of $1.66 billion in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $542 million for the third quarter of 2013; revenues of $1.65 billion for fiscal 2013. The Company also announced that the board of directors authorized a third quarter dividend of $0.22 per share, payable on August 29, 2013 to shareholders of record on August 15, 2013. 

Company Quote

-4.54 -7.24%
1 May 2015