Columbia Sportswear Co
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Consumer Discretionary : Textiles, Apparel & Luxury Goods | Mid Cap Blend
Company profile

Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada. The Company develops and manages its merchandise in categories, including apparel, accessories and equipment, and footwear. It distributes its products through a mix of wholesale distribution channels, its own direct-to-consumer channels (retail stores and e-commerce), independent distributors and licensees. As of December 31, 2016, its products were sold in approximately 90 countries. In 59 of those countries, it sells to independent distributors to whom it has granted distribution rights. Contract manufacturers located outside the United States manufacture all of its products.

Closing Price
$66.18
Day's Change
0.00 (0.00%)
Bid
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Ask
--
B/A Size
--
Day's High
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Day's Low
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Volume
(Light)
Volume:
0

10-day average volume:
472,664
0

Delta Air Lines credit gets downgraded into 'junk' at S&P, but stock biggest gain in nearly 12 years

1:14 pm ET March 24, 2020 (MarketWatch)
Print

Delta Air Lines Inc.'s (DAL) issuer credit rating was downgraded two notches into "junk" territory at S&P Global Ratings, which an expected sharp decline in revenue in cash flow as the coronavirus outbreak has resulted in a "steep decline" in airline bookings. The rating was cut to BB from BBB-, which was the lowest investment grade rating. S&P said the rating remains on CreditWatch with negative implications, until it can determine the effects of the coronavirus outbreak on Delta's financial position. "While the company is reducing its capacity and some associated costs, and will benefit from the steep decline in oil prices, we expect these supporting factors to be more than offset by its much weaker traffic," S&P said. "However, we expect the volume of passenger traffic to begin to recover later this year and continue improving into 2021." The stock soared 18.5% in afternoon trading, on track to be the biggest one-day gain since it ran up 19.1% on Oct. 30, 2008, amid optimism over a government coronavirus rescue plan. The stock was still down 51% over the past month, while the S&P 500 has dropped 26%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

March 24, 2020 13:14 ET (17:14 GMT)

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