Columbia Sportswear Company (NASDAQ:COLM) was among the stocks on Jim Cramer’s radar on Mad Money. Cramer showed a positive sentiment toward the company’s earnings, as he remarked:
Last night, we got a good quarter from Columbia Sportswear, the apparel company you know as Columbia, Mountain Hardware, SOREL, prAna, among other brands… After spending years lost in the wilderness, I mean, the stock’s kind of rebounded very, very nicely over the last few months. And you can see why Columbia reported a really good quarter. 30-cent earnings beat off a 35-cent basis, higher than expected revenue, and its gross margin only shrank by 20 basis points year over year despite absorbing a 310 basis point hit from tariffs, one of the hardest hit of all. Still, management actually raised their full-year earnings forecast pretty substantially.
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Columbia Sportswear Company designs and distributes apparel, accessories, and equipment for outdoor and active lifestyles. The company also provides footwear for activities such as hiking, trail running, and water sports.
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