Columbia Sportswear Company (NASDAQ: COLM) shares plunged over 10% in after-hours trading on Tuesday following the release of its fourth quarter and full year 2024 financial results.
The outdoor apparel and footwear company reported mixed results for the fourth quarter, with earnings missing analyst expectations but revenues beating estimates. The company also provided a disappointing outlook for fiscal 2025.
According to the
The key factors contributing to the stock's significant decline were:
Despite the challenges, Columbia Sportswear remained optimistic about its long-term growth prospects, citing its strategic initiatives and investments in areas such as brand engagement, product innovation, and digital capabilities.
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