Columbia Sportswear Co. posted first-quarter results that beat Wall Street’s estimates after the market closed Thursday.
For the quarter ended March 31, net income more than doubled to $10.1 million, or 29 cents a diluted share, versus $3.9 million, or 11 cents, a year ago. The consensus among Wall Street analysts was 14 cents. The current quarter’s results also included $2 million in restructuring charges, or 6 cents a diluted share. Net sales for the period rose 4.6 percent to $348.3 million from $333.1 million.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)