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.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)