NASDAQ$COLM

Columbia Sportswear Company · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported lower net sales and profitability due to the ongoing negative effects of the COVID-19 pandemic.

Columbia Sportswear Company reported a decrease in net sales by 4% to $915.7 million compared to Q4 2019. Diluted earnings per share decreased by 14% to $1.44. The company exited the quarter with $791.9 million in cash and short-term investments and no borrowings.

  • Net sales decreased 4 percent to $915.7 million.
  • E-commerce net sales increased 41 percent year-over-year.
  • Operating income decreased 11 percent to $123.7 million.
  • Diluted earnings per share decreased 14 percent to $1.44.

Headline financials

Total Revenue

$916M

Previous: $955M-4.1%
EPS (adj)

$1.44

Previous: $1.58-8.9%
Capital Expenditures

$3.59M

Previous: $19M-81.1%
Free Cash Flow

$470M

Previous: $465M+1.3%
Net Income

$95.8M

Previous: $114M-16.0%
Operating Income

$124M

Previous: $139M-10.8%
Gross Profit

$463M

Previous: $479M-3.3%
Cash & Equivalents

$791M

Previous: $686M+15.3%
Total Assets

$2.84B

Previous: $2.93B-3.2%
Stock-Based Comp

$4.98M

Previous: $4.67M+6.5%

Revenue & EPS history

Columbia · Revenue · Quarterly

$916M

Q4 2020-4.1%vs Q4 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

Columbia Sportswear Company provided its full year 2021 financial outlook, which reflects expectations as of February 4, 2021 and are subject to significant risks and business uncertainties.

Tailwinds

  • Net sales of $2.95 to $3.00 billion, representing a net sales growth of 18.0 to 20.0 percent.
  • Operating income of $320 to $346 million, representing operating margin of 10.8 to 11.5 percent.
  • Diluted earnings per share of $3.75 to $4.05.

Headwinds

  • The ultimate impact on our operations for 2021, or whether other currently unanticipated direct or indirect consequences of the pandemic are reasonably likely to materially affect our operations.
  • COVID-19 pandemic on our operations
  • Economic slowdowns that have and may continue to result from the pandemic
  • Supply chain and logistics capacity constraints
  • Changes in consumer behavior and confidence, as well as geopolitical tensions

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

+1.1%

Avg return

Earnings day

-0.4%

Avg return

5 days after

+0.6%

Avg return

30 days after

52%

34 / 65 earnings

Positive

+22.8%

Q4 2014

Best reaction

-20.4%

Q3 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.4%+4.2%+8.7%
Q4 2025+14.4%+9.5%+1.6%
Q3 2025-2.1%+1.7%+4.3%
Q1 2025-4.3%+3.8%+2.4%
Q4 2024-5.7%-9.2%-1.9%
Q3 2024+5.7%+7.4%+14.6%
Q2 2024-2.4%+3.8%+7.0%
Q1 2024+0.3%-0.2%+5.3%
Q4 2023+2.6%-2.1%+2.4%
Q3 2023+1.6%+5.1%+7.4%
Q2 2023-5.5%-4.1%-6.7%
Q1 2023-3.0%-5.7%-13.3%
Q4 2022-4.0%-6.2%-7.6%
Q3 2022+2.0%-1.1%+17.9%
Q2 2022+1.7%+1.7%+1.2%
Q1 2022-5.1%-5.2%-10.7%
Q4 2021+1.1%+5.4%-3.2%
Q3 2021+4.2%+1.7%+0.5%
Q2 2021+2.4%+3.5%+4.4%
Q1 2021-3.3%-3.9%-8.8%
Q4 2020+19.9%+14.2%+13.5%
Q3 2020-20.4%-15.5%-9.7%
Q2 2020-8.1%-10.7%+6.2%
Q1 2020-10.1%-12.3%-1.9%
Q4 2019-4.7%-4.7%-17.0%
Q3 2019-4.0%-3.6%-1.8%
Q2 2019-1.2%+2.1%-11.5%
Q1 2019-3.6%-4.8%-7.5%
Q4 2018+14.4%+12.6%+8.1%
Q3 2018-0.7%+6.8%+4.2%
Q2 2018-8.1%-6.4%-2.6%
Q1 2018+4.7%+2.6%+8.5%
Q4 2017+1.8%-0.9%+5.1%
Q3 2017+3.4%-1.0%+8.5%
Q2 2017+7.3%+3.6%-1.1%
Q1 2017-4.7%-4.2%-9.2%
Q4 2016+11.2%+8.5%+3.2%
Q3 2016+0.7%-2.8%+5.0%
Q2 2016-3.5%-7.8%-3.9%
Q1 2016-4.9%
Q4 2015+16.7%
Q3 2015+3.9%
Q2 2015+16.5%
Q1 2015-8.7%
Q4 2014+22.8%
Q3 2014+3.3%
Q2 2014-7.9%
Q1 2014+7.9%
Q4 2013+9.3%
Q3 2013+10.4%
Q2 2013+3.3%
Q1 2013+0.0%
Q4 2012+4.1%
Q3 2012+4.4%
Q2 2012+2.2%
Q1 2011+1.3%
Q1 2012+5.3%
Q4 2009-0.2%
Q4 2011-0.2%
Q3 2011-1.5%
Q3 2010-1.5%
Q2 2010-3.8%
Q4 2010-3.8%
Q2 2011-3.8%
Q1 2010+1.5%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro