Columbia Sportswear Inc.

$39.00

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SKU: COLM Category:

Description

Columbia Sportswear has recently been in the news for the launch of its new Omni-Heat Infinity Technology with a new gold metallic lining material in a pattern scientifically engineered to optimize warmth and breathability. This follows the earlier success of the company’s award-winning Omni-Heat insulation platform. The company had a solid financial result with net sales increasing 79%, driven by an 89% growth in their Wholesale business and 69% growth in their Direct-to-Consumer (DTC) business. It is important to highlight that even as consumers returned to in-store shopping, their e-commerce business also remained strong. The DTC e-commerce net sales also increased 5%, representing 16% of the total sales mix. These results aligned with the company’s expectations as they lapped the prior year’s surge in e-commerce sales. The company’s indirect costs increased but this was largely a function of the variable component of their expense structure kicking in with increased sales volume. We are reasonably optimistic about Columbia Sportswear’s stock. We upgrade its rating to ‘Buy’ and provide a revised target price.

Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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