Coloumbia Sportwear Company (COLM)

They reported slightly higher than expected sales, but earnings missed and guidance for the quarter and full year came in light. Shares sank 5.7%. However, he expects a return to sale growth this year and it boasts a strong balance sheet.

Last week, they reported a moderate beat, but cut guidance, so shares have been choppy since.

Reported yesterday with guidance that disappointed. Share were hit 10% then rebounded. Inventories are low and their stuff is the best. Is the weather too warm? He hopes for cold weather.

Just reported a top- and bottom-line beat, and 9% constant-currency growth, but management issued a mixed outlook and cut their full-year forecast. He suspects they will discount a lot of product to clear inventory which will hurt margins.

Business and the share price have turned around after a rough 2022 (high USD, supply chain woes) from $65 to $98. Last Thursday they reported strong headline numbers, but inventory levels remain high and the full-year forecast came in weaker than expected.