Key Developments For Columbia Sportswear Co
Columbia Sportswear Co (COLM.O) (Nasdaq)
Columbia Sportswear Company Announces Increase In Quarterly Dividend
Columbia Sportswear Company announced that its Board of Directors agreed to increase the quarterly dividend by $0.02 per share, or 12.5%, to $0.18 per share, payable on November 25, 2009 to shareholders of record on November 12, 2009.
Columbia Sportswear Company Raises FY 2009 Revenue Outlook
Columbia Sportswear Company raised its fiscal 2009 outlook and expects net sales to decline 8%-9% compared with fiscal 2008. The Company previously expected fiscal 2009 net sales to decline at a low-double-digit percentage rate. According to Reuters Estimates, analysts were expecting the Company to report revenues of $1.176 billion for the same period.
Columbia Sportswear Company Reaffirms FY 2009 Outlook; Issues Q3 2009 Outlook In Line With Analysts' Estimates; Declares Quarterly Dividend
Columbia Sportswear Company reaffirmed its previous expectation for total fiscal 2009 net sales to decline in the low double-digits on a percentage basis compared with fiscal 2008 and operating income to decline approximately 300 to 350 basis points, compared to fiscal 2008 operating income. The Company reported EBIT of $143.45 million and revenue of $1.317 billion in fiscal 2008. The Company expects a low double-digit percentage decline in third quarter 2009 net sales compared with the third quarter of 2008 and operating income to decline approximately 650 to 700 basis points compared with the third quarter of 2008. The Company reported EBIT of $83.13 million and revenue of $452.42 million in the third quarter of 2008. According to Reuters Estimates, analysts on an average were expecting the Company to report EBIT of $72 million on revenue of $1.168 billion for fiscal 2009; EBIT of $57 million on revenue of $403 million for the third quarter of 2009. The Company also announced that its Board of Directors has declared a quarterly dividend of $0.16 per share, payable on August 27, 2009, to shareholders of record on August 13, 2009.
Columbia Sportswear Company Issues Q2, FY 2009 Revenue Outlook Below Analysts' Estimates; Comments On Q2 2009 Earnings Outlook
Columbia Sportswear Company announced that it expects fiscal 2009 net sales to decline low double- digits on a percentage basis. The Company expects a low- to mid-twenty percent decline in second quarter 2009 net sales compared with the second quarter of 2008. Consequently, the Company expects to incur a significantly higher operating loss in the second quarter of 2009 compared to last year's second quarter. The Company reported revenue of $1.317 billion in fiscal 2008; operating loss of $4.33 million on revenue of $213.15 million in the second quarter of 2008. According to Reuters Estimates, analysts on an average were expecting the Company to report operating loss of $11.45 million on revenue of $193 million for the second quarter of 2009 and revenue of $1.224 billion for fiscal 2009.
Columbia Sportswear Company Issues Q1 2009 Guidance; EPS Guidance Below Analysts' Estimates; Declares Quarterly Dividend
Columbia Sportswear Company announced that for first quarter 2009, it expects net sales to decline 10%-12% compared with first quarter 2008 and earnings per share (EPS) to be between $0.04-$0.08. The Company reported revenue of $297.36 million in first quarter of 2008. According to Reuters Estimates, analysts were expecting the Company to report revenues of $264.60 million and EPS of $0.49 for the same period. The Company also declared a quarterly dividend of $0.16 per share, payable on March 5, 2009, to shareholders of record on February 19, 2009.
