Jim Cramer - Mad MoneyColoumbia Sportwear CompanyCOLMBUYFeb 04, 2022
Yesterday, they delivered a strong earnings beat with excellent margin expands despite soaring costs in the economy, plus a strong full-year forecast. Shares popped today, but it still sells at under 17x earnings. This has room to run.
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.