AGENDA: Partners with Nice Kicks on footwear media for next Long Beach show.
CFA: Ilse Metchek to receive Legacy Award from NAWBO-LA.
Details on Industry Insight.
Here's a previous Volcom press release that forecast Volcom's earnings:
From a press release dated Jan. 16
"Based on preliminary estimates, for the fourth quarter of 2007, Volcom currently anticipates reporting total revenues in the range of $67 million to $68 million and expects earnings per diluted share of approximately $0.29 to $0.30. Previously, the company stated it expected total revenues to be between $70 million and $73 million and earnings to be between $0.30 and $0.32 per diluted share.
The revised estimate primarily reflects lower than expected revenues in the core domestic distribution channels in the fourth quarter, and lower gross margin, each generally attributable to the weaker than anticipated retail environment. In the fourth quarter of 2006, Volcom reported revenue of $56.6 million and earnings per diluted share of $0.31.
Given these preliminary fourth quarter estimates, Volcom now expects full year 2007 revenues to grow approximately 30% to between $266 million and $267 million, compared with $205.3 million in 2006. Earnings per diluted share are expected to increase between 15% and 16% from 2006 to be between $1.36 and $1.37, versus $1.18 per diluted share as reported in 2006. Previously the company estimated annual revenue to be between $270 million and $273 million, and earnings per diluted share of $1.37 to $1.39."