A number of stocks fell in the afternoon session after stocks gave back some of the gains from the previous day as the White House clarified the tariffs on imports from China would add up to 145%, while the baseline 10% tariffs remained in place for all countries. This reminded markets that the global trade environment remained volatile, limiting the potential for sustained gains.
Over the last six months, Columbia Sportswear shares have sunk to $67.45, producing a disappointing 15.1% loss - worse than the S&P 500’s 7.7% drop. This was partly driven by its softer quarterly results and might have investors contemplating their next move.
Economist Peter Schiff warned on Thursday that Nike Inc. won't shift production to the United States despite newly imposed tariffs, predicting higher prices and reduced domestic sales for the footwear giant.
Shares of outerwear manufacturer Columbia Sportswear (NASDAQ:COLM)
fell 13% in the afternoon session after President Trump announced "reciprocal tariffs" on all US imports, set at a minimum rate of 10%.
Outerwear manufacturer Columbia Sportswear (NASDAQ:COLM) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 3.5% year on year to $1.10 billion. On the other hand, next quarter’s revenue guidance of $756.5 million was less impressive, coming in 5.3% below analysts’ estimates. Its GAAP profit of $1.80 per share was 7.3% below analysts’ consensus estimates.
The regular session of the US market on Tuesday is now over, but let's get a preview of the after-hours session and explore the top gainers and losers driving the post-market movements.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at apparel and accessories stocks, starting with PVH (NYSE:PVH).
Let’s dig into the relative performance of Columbia Sportswear (NASDAQ:COLM) and its peers as we unravel the now-completed Q3 apparel and accessories earnings season.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the apparel and accessories industry, including Ralph Lauren (NYSE:RL) and its peers.
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the apparel and accessories stocks, including Oxford Industries (NYSE:OXM) and its peers.
US companies prepare for potential tariff increases under Trump administration. Strategies include passing costs to customers, stockpiling imports, and shifting supply chains.
Even though Columbia Sportswear (currently trading at $87.20 per share) has gained 5.2% over the last six months, it has lagged the S&P 500’s 14.2% return during that period. This may have investors wondering how to approach the situation.
