Columbia Sportswear Loses $0.12 Per Share In The Two Quarter

Outdoor America

Manufacturer Columbia Sportswear Co. (NASDAQ:COLM)

The company released its two quarter earnings on Thursday, ending a loss of $0.12 per share in the two quarter of June 30, 2016, a significant increase of 33% over the previous year's loss of $0.09 per share, but still exceeding Zacks's expected loss of $0.18 per share.

The expected performance did not help Columbia Sportswear Co. Columbia sporting goods company perform in the open market. Instead, it fell more than 10% on Thursday after a combination of sharp losses, fierce competition in the market, slump in the US economy and weak consumer sentiment.

By the end of the deadline, at 4:13 PM Eastern time, the company's share price plunged 10.88% to 53 dollars.

In the two quarter, the income of Columbia Sportswear Co. Columbia sportswear company was $388 million 700 thousand, an increase of 2.2% over the previous year of 3.802 billion US dollars, but less than that of Zacks Zacks.

During the period, the group's US domestic market revenue increased to 8% US dollars to 222 million 800 thousand US dollars. The direct channel has double-digit growth while the wholesale channel has only a low digit growth rate. In addition, the Canadian market has an increase of 20% to US $13 million 600 thousand and an increase of 27% under the fixed exchange rate.

However, the international market was weak, with the EMEA market revenue falling 1% to 59 million 100 thousand US dollars; the Latin American Asia Pacific market plunged 10% to 87 million 300 thousand US dollars, and the Chinese market was particularly weak, with double-digit declines.

As of the two quarter of June 30, 2016, the Columbia Sportswear Co. Columbia sports apparel company recorded a gross profit of $79 million 584 thousand, an increase of 4.6% over the same period last year and a gross margin of 110 basis points to 46.2%.

In the first half of the year, the income of Columbia Sportswear Co. Columbia sports apparel company was $913 million 900 thousand, an increase of 6.4% over the same period of last year, with a net profit of 23 million 598 thousand US dollars, an increase of 18.4% over the same period of 19 million 926 thousand US dollars a year. However, in the two quarter, the company recorded a loss of 817.2 US $859 million 200 thousand.

Columbia Sportswear Co. Columbia sportswear company expects full year net profit of US $184 million to US $191 million, and EPS is expected to be US $2.60 - US $2.70.

On Thursday's closing, Columbia Sportswear Co. (NASDAQ:COLM) Columbia sportswear company reported $59.47, an increase of 0.29% yen, which has risen 22% this year, down 1% in the past year.