Shorebreak Hotel as a venue for industry events. Cinematographer Louie Schwartzberg's "Moving Art Retreat" in June at Turtle Bay Resort. Details on Industry Insight.
Volcom released financial results for the quarter ended June 30 today.
Here is a summary of the results. All comparisions are vs. the same quarter last year.
Total Revenue: $62.5 million, up 15.3 %
U.S. Revenue: $50.8 million, up 16.5%
Europe Revenue: $5.1 million, down 13.5%
Electric Revenue: $6.6 million, up 40.4%
SG&A: $29.8 million, up 15%
Gross profit margin: 47.7%
Net Income: $68,000, down 92.2%
Cash, equivalents and short-term investments: $110 million
Long-term debt: none
Guidance: Revenues between $102 million to $105 million, earnings per share of 47 cents to 51 cents.