Columbia Sportswear CEO told CNBC's Jim Cramer on Friday that the company is still heavily dependent on winter weather for sales and is looking or opportunities to venture out after reporting disappointing fourth-quarter earnings.
Columbia, known for its winter apparel, faces challenges with increasingly warm weather.
"Those kinds of things can keep us straight and narrow and a time when the business has been more challenged."
Columbia shares were down 0.87% on Friday after the bell after the company reported weaker than expected earnings.
However it expects 2024 to be a challenging year as "retailers are placing orders cautiously, and economic and geopolitical uncertainty remains high."
Persons:
CNBC's Jim Cramer, Boyles, Boyle, We're
Organizations:
Columbia