Billabong ▲ +0.005 | PPR ▲ +9.10 | American Apparel ▼ -0.042 | The Buckle ▲ +0.25 | Columbia ▲ +1.35 | Deckers Outdoor ▲ +0.27 | Dicks ▲ +0.47 | Foot Locker ▲ +0.22 | Genesco ▲ +0.34 | Iconix Brand Group ▲ +0.43 | Jarden Corp ▲ +0.31 | Nordstrom ▼ -1.04 | Luxottica ▲ +2.05 | Nike ▲ +1.77 | Pacific Sunwear ▼ -0.121 | Skullcandy ▼ 0.00 | Sport Chalet - 0 | Urban Outfitters ▲ +0.20 | VF Corp ▲ +1.74 | Quiksilver ▲ +0.020 | Zumiez ▲ +0.19 | Macys ▼ -1.07 | Tillys ▼ -0.33 |
Ticker Sponsor
Readers Say
The one, undisputed leader
The one, undisputed leader

It is common knowledge in our industry that there is one undisputed leader in reporting on the topics, businesses and trends that impact all of us the most, and it is shop-eat-surf.com. Their access to those who make our industry happen is second to none, and we value not only the content of their reporting but the editorial thought on what it all means both in the present as well as the future. If we were asked to give a rating, it would be five out of five stars.

- By Craig Levra, CEO, Sport Chalet
Since the inception of Executive Edition, I only need 1 stop
Since the inception of Executive Edition, I only need 1 stop

As a retailer in the surf industry for the past 21 years, I have had to use multiple sources to stay informed to the news within surf. Since the inception of the Executive Edition of Shop-Eat-Surf.com, I need only one stop. Thanks for providing such a valuable tool to all of us in the industry. Shop-Eat-Surf is a must read for all of our staff at Maui Nix.

- By George Karamitos, CEO, Maui Nix
Industry Insight

CIT: West Coast team featured in Fashion Manuscript.
FSG LAWYERS: Represented Loomworks Apparel (P.J. Salvage) on its acquisiton by Delta Galil.

Details on Industry Insight.

Tiffany Montgomery
Print This Article

Volcom reports 2010 third quarter financial results

October 28, 2010 1:07 PM

Press Release:


Consolidated Revenues Increased 11.4% to $104.7 Million


U.S. Segment Revenue Grows 13.6% to $64.5 Million; E


Electric Segment Rises 29.2% to $8.9 Million Company


Declares Special Cash Dividend of $1.00 Per Share


COSTA MESA, Calif.--(BUSINESS WIRE)--Volcom, Inc. (NASDAQ: VLCM) today announced financial results for the third quarter ended September 30, 2010.


For the 2010 third quarter, total consolidated revenues were $104.7 million, compared with $93.9 million in the third quarter of 2009.


Total revenues in the company’s U.S. segment, which includes revenues from the U.S., Canada, Japan and most other international territories outside of Europe, as well as the company’s branded retail stores, were $64.5 million, compared with $56.8 million in the prior-year period.


Total revenues in the company’s Europe segment were $28.7 million, compared with $30.2 million in the same period in 2009.


Total revenues in the company’s Electric segment were $8.9 million, compared with $6.9 million in 2009. Total revenues in the company’s Australia segment were $2.6 million.


“Our results for the third quarter are in line with our plan and reinforce our strategy to gain market share on a global level,” said Richard Woolcott, Volcom’s chairman and chief executive officer.


“During the first nine-months of this year, we have experienced solid revenue growth in our mens and boys categories, and our business with our core retailers remains very healthy.


"In other activities, we have launched major branding initiatives, acquired our Australian licensee, acquired distribution operations in Spain, and launched our e-commerce business. We are encouraged by the momentum thus far and I am proud of our team’s focus and dedication to building Volcom into a world brand.”


Woolcott also noted that given the company’s continued cash flow from operations, strong balance sheet and no long-term debt, Volcom’s Board of Directors has determined that a special cash dividend was appropriate and supports the company’s commitment to providing shareholder value.


Consolidated gross profit for the 2010 third quarter was $51.9 million, equal to 49.6% of total revenues, compared with $48.5 million, equal to 51.6% of total revenues, in the third quarter of 2009.


Selling, general and administrative expenses on a consolidated basis were $33.9 million in the 2010 third quarter versus $28.8 million in the comparable period in 2009.


On page 2: Volcom's full earnings release, special dividend information and Q4 outlook



Previous 1 2 Next

Articles You Might Have Missed