Sponsors
Billabong ▲ +0.005 | PPR ▼ -7.45 | American Apparel ▼ -0.007 | The Buckle ▼ -0.26 | Columbia ▲ +0.02 | Deckers Outdoor ▼ -2.73 | Dicks ▼ -0.30 | Foot Locker ▼ -0.28 | Genesco ▼ -0.20 | Iconix Brand Group ▼ -0.23 | Jarden Corp ▲ +0.60 | Nordstrom ▼ -0.48 | Luxottica ▼ -0.38 | Nike ▲ +0.28 | Pacific Sunwear ▼ -0.12 | Skullcandy ▼ -0.05 | Sport Chalet - 0 | Urban Outfitters ▼ -0.44 | VF Corp ▲ +0.41 | Quiksilver ▲ +0.05 | Zumiez ▼ -0.75 | Macys ▼ -0.35 | Tillys ▼ -0.12 |
Ticker Sponsor
Readers Say
The first thing I look at
The first thing I look at

I find Shop-Eat-Surf to be a very useful and informative site that I enjoy browsing daily. Shop-Eat-Surf is the first thing I look at every morning to keep up-to-date on the latest talk, events, and happenings in the industry. I must say I am a fan of Shop-Eat-Surf.

- By Bobby Abdel, Partner, Jack's Surfboards
Useful on a daily basis
Useful on a daily basis

It's well balanced information that is useful on a daily basis. I'm very satisfied with the Executive Edition. I start each day with SES and a big cup of coffee!

- By Tom Ruiz, EVP Sales, Volcom
Industry Insight

SIA: State of the snow industry videos. TAYLOR DIGITAL: Website tools to increase sales.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Hurley posts another strong quarter

By Tiffany Montgomery
September 25, 2008 5:50 AM

The tough economy does not appear to be impacting Hurley much.

Parent company Nike Inc. reported yesterday that Hurley's first quarter revenue for the period ended Aug. 31 rose 38 percent.

Nike CEO Mark Parker called out Hurley's strong performance in Nike's earnings conference call with analysts, saying "Hurley is gaining some serious top and bottom line momentum."

"The brand really showed its strength at the recent action sports retailer show in San Diego," Parker said. "Action sports is one of the fastest growing segments in our industry, and with our Nike Inc. portfolio, specifically Hurley, Converse and the Nike brand, we are well-positioned to go after that grow."

Parkerasr

Parker went to ASR this month. Here is Parker, center, 

at the Hurley booth with Hurley's Mark Weber, left, and Chance King, right.


Parker also highlighted Converse's results. Converse revenue increased 32 percent. He said One Star in Target is also performing better than expected.

Other Nike Inc. results

-Overall revenue rose 17 percent to $5.4 billion. Excluding currency benefits, revenues rose 11 percent.

- Net income decreased 10 percent to $510.5 million. Nike said it had a one-time tax gain in the first quarter last year. Excluding that, net income in Q1 2008 would have risen 10 percent.

- U.S. revenue rose 8 percent to $1.8 billion. Strong performing Nike categories included running, action sports and basketball. Future U.S. orders are up 3 percent.

- Retail revenues around the world increased 18 percent. In the U.S., retail revenue rose 16 percent, while retail comps increased 8 percent.

 

 

 


Articles You Might Have Missed