A big impairment charge sent profits falling 42% in the third quarter to $52,005,000 from $90,157,000 as revenues inched up 1% (flat constant currency) to $943,425,000 from $931,768,000 in COLM’s seasonally largest quarter. The $29.0 million impairment was due to tariff impacts on prAna and Mountain Hardwear intangibles. Wholesale shipments pulled forward out of Q4 helped the top line with a 5% increase to $634.2 million, offsetting 5% lower direct-to-consumer sales of $309.3 million. Stores comped down 4%, and e-commerce declined 8%.

The home market declined 4% to $546.7 million, as flat ... Log in to view full article.