Jim Cramer - Mad Money Coloumbia Sportwear Company COLM-Q COMMENT Jul 29, 2024

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.

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.

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.

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.