Hit by a weak U.S. consumer environment, Columbia Sportswear reported a 24-percent drop in first-quarter profit and a lower backlog.
Columbia is an outdoor juggernaut which includes r Sorel Mountain, Hardwear, Pacific Trail, Montrail and Moonstone brands. With gear at all price points, its generally a good bellweather for the rest of the industry. And the industry is.... not doing so good.
Compared to last year, quarterly earnings fell 24 percent. Revenue rose 3 percent.