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 movement_type, Columbia Sportswear's stock experienced a movement_pct After-hours Plunge on movement_week_day following the earnings release.

The key factors contributing to the stock's significant decline were:

• Columbia Sportswear reported adjusted earnings per share of $3.82 for fiscal 2024, missing the consensus estimate of $3.89 by 1.8%.
• While revenues of $3.37 billion for the full year beat estimates, the company's 2025 financial outlook was disappointing, with projected earnings per share of $3.80 to $4.15, below analyst expectations.
• The company attributed the weaker-than-expected outlook to higher selling, general, and administrative expenses, which are expected to increase as a percentage of net sales in 2025.

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.